3 ms·

I agree. We were overdue for a correction, based on more than a century of stock & economic patterns. Something was gonna knock it down eventually. The longer a

by tabtab 7y ago

I agree. We were overdue for a correction, based on more than a century of stock & economic patterns. Something was gonna knock it down eventually. The longer a bull market goes on, the more fragile it becomes, like an over-inflated balloon. It was already artificially propped up by tax cuts and interest rate cuts. That "stimulus" was premature; reverse Keynes. Save up for a rainy day by paying down debt during the crest. Well, it's raining now and the piggy bank is empty. Enjoy the bacon....

kshacker 7y ago
Me and friends were speculating just a few months back that for a crash to happen, one of the FAANGs has to fail, spectacularly. Even with the privacy concerns, that we deemed as top risk factor, we did not see that crash happen. Little did we know that the concentration of talent in Bay Area, Seattle, NYC and maybe London and Vancouver would be the trigger. I wonder if this gets any worse, and if one team coincidentally is wiped out, would the org be able to actually play their DR scenarios and rebuild their stack!!
- mcqueenjordan 7y ago
  I don’t think the risk is centered around (typically young) software teams. Closing borders, flights, events, bars, and restaurants has way more impact.
- JPKab 7y ago
  "Little did we know that the concentration of talent in Bay Area, Seattle, NYC and maybe London and Vancouver would be the trigger." Really? This is an incredibly self-centered and myopic view of things. Bro, the software industry isn't the center of the universe, or the global economy. Restaurants are closed, travel is at a standstill, events are getting cancelled, and you're over here talking about engineers getting sick..... wow.
  - deleted 7y ago
    [deleted]
  - kshacker 7y ago
    Let me try to explain but I think it may be futile. I just mentioned a conversation as part of the bigger discussion. Sure i could put it differently but it does not make my point invalid. When we talk of the 1 percenters, when we talk of 0.1%, we are talking about wealth being unequally distributed. When we look at S&P or nasdaq, we see the pumping up of market in select names only. Forget the past month, and go look back at the past 3 years and compare the growths of tech companies with the non tech and see the difference. And the topic of this thread is market crash, not the dystopian or utopian world so my perspective is pretty much based on that. Also, I am not saying the country is not at the standstill, but our whole supply chain, our whole messaging(WhatsApp and what not), a lot of our healthcare runs on software being managed by teams of 5-15, in many cases run from the same building. Not everywhere but in so many companies. I am not laying out a conspiracy theory just laying down the facts, as I understand them. If having a second data center is essential to modern DR, why is the same need of redundancy not relevant for people.
- tabtab 7y ago
  Re: for a crash to happen, one of the FAANGs has to fail, spectacularly. Demand for digital services has gone up due the epidemic. Big Tech will do fine, but everything around them may crumble.

by tabtab 7y ago

kshacker 7y ago

Me and friends were speculating just a few months back that for a crash to happen, one of the FAANGs has to fail, spectacularly. Even with the privacy concerns, that we deemed as top risk factor, we did not see that crash happen. Little did we know that the concentration of talent in Bay Area, Seattle, NYC and maybe London and Vancouver would be the trigger. I wonder if this gets any worse, and if one team coincidentally is wiped out, would the org be able to actually play their DR scenarios and rebuild their stack!!

mcqueenjordan 7y ago
I don’t think the risk is centered around (typically young) software teams. Closing borders, flights, events, bars, and restaurants has way more impact.
JPKab 7y ago
"Little did we know that the concentration of talent in Bay Area, Seattle, NYC and maybe London and Vancouver would be the trigger." Really? This is an incredibly self-centered and myopic view of things. Bro, the software industry isn't the center of the universe, or the global economy. Restaurants are closed, travel is at a standstill, events are getting cancelled, and you're over here talking about engineers getting sick..... wow.
- deleted 7y ago
  [deleted]
- kshacker 7y ago
  Let me try to explain but I think it may be futile. I just mentioned a conversation as part of the bigger discussion. Sure i could put it differently but it does not make my point invalid. When we talk of the 1 percenters, when we talk of 0.1%, we are talking about wealth being unequally distributed. When we look at S&P or nasdaq, we see the pumping up of market in select names only. Forget the past month, and go look back at the past 3 years and compare the growths of tech companies with the non tech and see the difference. And the topic of this thread is market crash, not the dystopian or utopian world so my perspective is pretty much based on that. Also, I am not saying the country is not at the standstill, but our whole supply chain, our whole messaging(WhatsApp and what not), a lot of our healthcare runs on software being managed by teams of 5-15, in many cases run from the same building. Not everywhere but in so many companies. I am not laying out a conspiracy theory just laying down the facts, as I understand them. If having a second data center is essential to modern DR, why is the same need of redundancy not relevant for people.
tabtab 7y ago
Re: for a crash to happen, one of the FAANGs has to fail, spectacularly. Demand for digital services has gone up due the epidemic. Big Tech will do fine, but everything around them may crumble.