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From the way people talk on this forum about economic conditions in this country you'd imagine the unemployment rate is 10%, nobody is hiring, and the market is
by laidoffamazon 4y ago
From the way people talk on this forum about economic conditions in this country you'd imagine the unemployment rate is 10%, nobody is hiring, and the market is down 50%.
- cplusplusfellow 4y agoThe media consumed by the typical member of this audience would lead you to believe that. For some reason, everyone is trying to organize a recession.
- SantalBlush 4y agoThe recession talk is delusional. Every economic metric but inflation is in good shape. These people don't know what they're talking about.
- fullshark 4y agoInflation means interest rates will be up, which is bad news for silicon valley and profitless startups in particular. The economy might be ok (very debatable) but if interest rates stay high and the VCs pump and dump of unprofitable unicorns on the public markets has ended...
- laidoffamazon 4y agoYes, it's not great for lots of business models. But the dotcom boom happened when the effective federal funds rate was much higher than it is now. I think (and perhaps I'm very wrong!) we'll settle back into a 2018, 2017 tech industry minus companies like OpenDoor rather than a early 2021 euphoria
- ashwagary 4y agoIf they are forward looking statements they are correct to be worried. A significant correction seems to be in our near term future.
- laidoffamazon 4y agoThe trend being lessening inflation over the last 6 months and a resilient labor market?