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The real job recessions hasn’t even started. Inflation is still high despite Fed’s aggressive moves which means the only conceivable future is higher rates and higher unemployment before things start getting better again.
Thanks for pessimism
@namby you know what -- people were literally saying the same thing a year ago. The world would have moved on without you lol
^^^ spoken like a true moron
Why you are rude man
Accenture is a WITCH company. Dont expect anything better.
I normally just passively read, but I studied finance and keep up with the news. I hate to see brilliant engineer be so bad analyzing Macro/Micro economic trends. We have seen a tremendous slow down in job growth throughout this year. 315k jan, 200ish, then 190ish, 180. Yes wage growth have been volatile, but it’s only driven by the hrly workers. Inflation has gone substantially down. Peak 9.1% in June 2022, now 3.5%. Like honestly pretty good. Thus helping reducing the bargain power if hrly works since things will be less costly. Also, the manufacturer bottle necks have been fixed for the most part. We do “expect” based on the yield curve that we might see “hire rates hovering @ high 3-2% inflation, but that just a prediction which often change quickly(like recession predictions early on the year). I could go more in depth, but this is just a post reply not an essay. I would definitely not say we are worst than last year lolll. But we are definitely in a uncertain and volatile time. I assume the fed will prob keep rates high until the end of the year to help keep downward pressure on inflation. If it works, we can go back to full growth. If not, will just stay like this for a bit longer until it does. ps. When reading finance news avoid focusing on the fear mongering and stick with the numbers.
Clarifying, not hate just frustrated bc you are all ridiculous smart and know you could all learn this really quickly. I work as a swe.
Inflation is down because they keep changing the definition of the metrics . Lol yeah take meat off cpi and add some fake soy bean meat and regard it as the same item
Tons of startups can’t raise money and will run out in 12-18 months (typically) if they don’t get more.
Few understand this.
The solid startups will be fine -- it is those with toxic founders and a bad business model that will suffer. Good riddance to those startups. The world will be a better place without them. Full disclaimer: I interviewed with many startups while job searching and can tell y'all first hand how awfully managed those startups really are.
Huge layoffs are coming especially in the startup sector, previous layoffs was just a knee jerk reaction to the upcoming bad economic conditions. The economy conditions should continue to worsen for some more time unless inflation is controlled, they are just loosing some weight before the economic conditions worsen.
I wouldn’t call them layoffs. Lots is startups are going to run out of money and fail completely.
The upcoming bad economic conditions that have been predicted for several years now. I’m not convinced they’re ever coming.
I got brain damage from reading this article.
Till Dec 2023
Recession has been going and will continue for a while now
What recession?
@C1 Biden thanks you for your loyal service
Wait for Broadcom acquisition of VMware. It will bump up these stats.
I tot Broadcom already acquired 😅
I was laid off this month....
Sorry to hear that. Be confident in the future though 💪
Likewise and about 40% of my friends. This earnings season will be interesting