4 ms·

If all the CEOs believe there will be a recession, and the Federal Reserve has stated that unemployment is one of their goals, it's hard to see how we're not go

by bagels 4y ago

If all the CEOs believe there will be a recession, and the Federal Reserve has stated that unemployment is one of their goals, it's hard to see how we're not going to have a recession that gets willed in to existence.

satvikpendem 4y ago
All the CEOs? I highly doubt that. CEOs might also say whatever is convenient to their hiring practices, it doesn't mean anything about a recession.
- yuppie_scum 4y ago
  “Duffman says a lot of things!”
- bagels 4y ago
  "Dana Peterson, chief economist at the Conference Board, told CNBC this week that 98% of the CEOs it surveyed are preparing for a recession, up from 95% earlier this year. She explained that Federal Reserve's interest rate hikes are a major factor." Slightly hyperbolic, but only slightly.
stingraycharles 4y ago
Traditionally, even when unemployment was high, tech wasn’t affected a lot.
bryanlarsen 4y ago
Unemployment is the lowest it has been since the fifties. So it has to increase a lot before it gets to levels traditionally associated with recessions.
- tempsy 4y ago
  Unemployment numbers don’t include people who are not of retired age but have chosen to stop looking for work The share of prime working aged men who aren’t working and not looking for work is historically high.
  - toomuchtodo 4y ago
    > The share of prime working aged men who aren’t working and not looking for work is historically high. It will also remain high due to structural socioeconomics, somewhat similar to Japan’s Hikikomori.
  - bryanlarsen 4y ago
    The share of men under 50 in the work force is higher now than it was pre pandemic.
    - tempsy 4y ago
      No it’s not. Overall labor force participation rate is still under pre pandemic levels. Where did you get that? https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
      - bryanlarsen 4y ago
        I got it from the stlouisfed too, but can't find it now. Your link certainly doesn't disprove my assertion, since yours is for all Americans, not the under 50's.

by bagels 4y ago

satvikpendem 4y ago

All the CEOs? I highly doubt that. CEOs might also say whatever is convenient to their hiring practices, it doesn't mean anything about a recession.

yuppie_scum 4y ago
“Duffman says a lot of things!”
bagels 4y ago
"Dana Peterson, chief economist at the Conference Board, told CNBC this week that 98% of the CEOs it surveyed are preparing for a recession, up from 95% earlier this year. She explained that Federal Reserve's interest rate hikes are a major factor." Slightly hyperbolic, but only slightly.

stingraycharles 4y ago

Traditionally, even when unemployment was high, tech wasn’t affected a lot.

bryanlarsen 4y ago

Unemployment is the lowest it has been since the fifties. So it has to increase a lot before it gets to levels traditionally associated with recessions.

tempsy 4y ago
Unemployment numbers don’t include people who are not of retired age but have chosen to stop looking for work The share of prime working aged men who aren’t working and not looking for work is historically high.
- toomuchtodo 4y ago
  > The share of prime working aged men who aren’t working and not looking for work is historically high. It will also remain high due to structural socioeconomics, somewhat similar to Japan’s Hikikomori.
- bryanlarsen 4y ago
  The share of men under 50 in the work force is higher now than it was pre pandemic.
  - tempsy 4y ago
    No it’s not. Overall labor force participation rate is still under pre pandemic levels. Where did you get that? https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
    - bryanlarsen 4y ago
      I got it from the stlouisfed too, but can't find it now. Your link certainly doesn't disprove my assertion, since yours is for all Americans, not the under 50's.