3 ms·

Yup. There are plenty of signs for a general economic recession in the US, but tech specifically doesn't seem overvalued in comparison, and we're in a state of

by ummonk 7y ago

Yup. There are plenty of signs for a general economic recession in the US, but tech specifically doesn't seem overvalued in comparison, and we're in a state of anything but irrational exuberance in terms of attitudes towards the tech industry and unprofitable startups.

m0zg 7y ago
>> There are plenty of signs for a general economic recession in the US Out of curiosity, what "signs" are you referring to?
- coldtea 7y ago
  Economists have warned the recent slowdown experienced by the U.S. economy carries with it "the unmistakable whiff of a recession." https://www.newsweek.com/economic-recession-2019-us-economy-gdp-trade-war-china-donald-trump-1437258 https://www.newsweek.com/economic-recession-2019-us-economy-... "US recession risk rises as trade tensions with China remain unresolved" https://www.foxbusiness.com/economy/us-recession-risk-rises-with-trade-tensions-uncertainty https://www.foxbusiness.com/economy/us-recession-risk-rises-... "Morgan Stanley says economy is on ‘recession watch’ as bond market flashes warning" https://www.cnbc.com/2019/05/28/morgan-stanley-says-economy-on-recession-watch-amid-bond-warning.html https://www.cnbc.com/2019/05/28/morgan-stanley-says-economy-...
  - ccffph 7y ago
    People have been saying this since 2010.
  - deleted 7y ago
    [deleted]
- ummonk 7y ago
  Inverted yield curve, corporate profit margins starting to shrink, cost of hiring going up due to wages hitting rock bottom, and the likelihood of a quick resolution to the trade war becoming less and less likely. On the flip side, housing prices look strong (though that might have more to do with undersupply than strong demand) and consumer confidence is still high. If one or both of these start dropping, that would be an even bigger indicator that we are close to recession.

3 ms·

Yup. There are plenty of signs for a general economic recession in the US, but tech specifically doesn't seem overvalued in comparison, and we're in a state of

by ummonk 7y ago

m0zg 7y ago
>> There are plenty of signs for a general economic recession in the US Out of curiosity, what "signs" are you referring to?
- coldtea 7y ago
  Economists have warned the recent slowdown experienced by the U.S. economy carries with it "the unmistakable whiff of a recession." https://www.newsweek.com/economic-recession-2019-us-economy-gdp-trade-war-china-donald-trump-1437258 https://www.newsweek.com/economic-recession-2019-us-economy-... "US recession risk rises as trade tensions with China remain unresolved" https://www.foxbusiness.com/economy/us-recession-risk-rises-with-trade-tensions-uncertainty https://www.foxbusiness.com/economy/us-recession-risk-rises-... "Morgan Stanley says economy is on ‘recession watch’ as bond market flashes warning" https://www.cnbc.com/2019/05/28/morgan-stanley-says-economy-on-recession-watch-amid-bond-warning.html https://www.cnbc.com/2019/05/28/morgan-stanley-says-economy-...
  - ccffph 7y ago
    People have been saying this since 2010.
  - deleted 7y ago
    [deleted]
- ummonk 7y ago
  Inverted yield curve, corporate profit margins starting to shrink, cost of hiring going up due to wages hitting rock bottom, and the likelihood of a quick resolution to the trade war becoming less and less likely. On the flip side, housing prices look strong (though that might have more to do with undersupply than strong demand) and consumer confidence is still high. If one or both of these start dropping, that would be an even bigger indicator that we are close to recession.