4 ms·

> I've seen it in multiple recessions. What's interesting here is that, in the face of all the fears about a recession, no recession actually seems to be happe

by myko 4y ago

> I've seen it in multiple recessions. What's interesting here is that, in the face of all the fears about a recession, no recession actually seems to be happening

andrewstuart 4y ago
yep. It's just a bunch of lemmings.
- indus 4y ago
  Or companies that did not do performance related reduction are finding now is the time
causality0 4y ago
The more removed the financial and tech world is from the rest of the economy the more they cloud reality by distorting GDP figures. We may not be in a recession but everyone I know has more difficulty paying for things and a more negative economic outlook than they ever did in '09.
pid-1 4y ago
While some economic indicators are bad already, the real issue is core inflation not giving up. The Fed has already signaled it will keep hiking rates until the economy slows down and inflation is controlled. As an entrepreneur/CFO, would you bet against the Fed?
- ac29 4y ago
  > While some economic indicators are bad already, the real issue is core inflation not giving up. Inflation was negative last month. Core CPI was above zero, though (0.3%). https://www.bls.gov/cpi/latest-numbers.htm https://www.bls.gov/cpi/latest-numbers.htm
- landswipe 4y ago
  This might have a measurable effect though, basically 200K+ workers kicked out of the industry, and the fear of a second round for the remaining workers. That is a some serious belt-tightening there. If it feeds into other less progressive industries, it might well help (which I suspect is the whole impetus behind it, at least the coordination suggests so).
refurb 4y ago
You have to remember that these companies have access to metrics that aren’t public yet. They can monitor sales day to day. Wait until Q4 results come out. If companies like google have seen a drop in Q4 advertising revenue (unsurprising since it’s often an expense that gets cut first), they may be trimming headcount before the downturn in revenue is even made public.

by myko 4y ago

> I've seen it in multiple recessions. What's interesting here is that, in the face of all the fears about a recession, no recession actually seems to be happening

andrewstuart 4y ago

yep. It's just a bunch of lemmings.

indus 4y ago
Or companies that did not do performance related reduction are finding now is the time

causality0 4y ago

The more removed the financial and tech world is from the rest of the economy the more they cloud reality by distorting GDP figures. We may not be in a recession but everyone I know has more difficulty paying for things and a more negative economic outlook than they ever did in '09.

pid-1 4y ago

While some economic indicators are bad already, the real issue is core inflation not giving up. The Fed has already signaled it will keep hiking rates until the economy slows down and inflation is controlled. As an entrepreneur/CFO, would you bet against the Fed?

ac29 4y ago
> While some economic indicators are bad already, the real issue is core inflation not giving up. Inflation was negative last month. Core CPI was above zero, though (0.3%). https://www.bls.gov/cpi/latest-numbers.htm https://www.bls.gov/cpi/latest-numbers.htm
landswipe 4y ago
This might have a measurable effect though, basically 200K+ workers kicked out of the industry, and the fear of a second round for the remaining workers. That is a some serious belt-tightening there. If it feeds into other less progressive industries, it might well help (which I suspect is the whole impetus behind it, at least the coordination suggests so).

refurb 4y ago

You have to remember that these companies have access to metrics that aren’t public yet. They can monitor sales day to day. Wait until Q4 results come out. If companies like google have seen a drop in Q4 advertising revenue (unsurprising since it’s often an expense that gets cut first), they may be trimming headcount before the downturn in revenue is even made public.