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> we are heading towards a big recession Who is we? One country heading into a recession is hardly enough to nudge the trend of "all things code"
by isodev 1y ago
> we are heading towards a big recession
Who is we? One country heading into a recession is hardly enough to nudge the trend of "all things code"
- colechristensen 1y agoAmerica's recessions are global recessions.
- brianmcc 1y agoSadly yes - "When America sneezes, the World catches cold"
- danaris 1y agoEnough of the tech industry is America-based that a US recession is enough to do much more than nudge the trend of "all things code". Much as I would prefer that it were not so.
- viridian 1y agoThe last US recession that didn't also pull in the rest of the western world was in 1982, over 40 years ago. Western Europe, Aus, NZ, Canada, and the US all largely rise and sink on the same tides, with differences measured in degrees.
- dragonwriter 1y agoIf that “one country” is the US and not, say, Burkina Faso, it is a major impact on financing, and software has an unusually high share of positions dependent on speculative investment for future return rather than directly related to current operations.