Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

U.S. job openings post biggest drop in more than four years

reuters.com

Post reply on HN
Print view View original

271–276 of 276 posts

Re: U.S. job openings post biggest drop in more than four years

#271

Post by joelbluminator »

thrower123 wrote: post #84
erikpukinskis wrote: post #17

Earlier quoted context omitted.

A coworker told me he thinks as long as people think it might crash it won’t crash.

As long as there are huge piles of cash floating around looking for something to be invested in, it's not going to crash. Everybody buys into every little dip, on the assumption that it'll go back to where it was, and they will make some money. Because they do this, it does go back up to where it was, or a little higher, and the piles of money get bigger.

"As long as there are huge piles of cash floating around" : is this due to the low interest after 2008? Even still, I would assume stock prices can't exceed a certain threshold relative to the company's earnings as it won't make economic sense; but if indeed there are no other investment alternatives I guess it does? Maybe just hoarding cash and waiting for a crash is the best strategy?

Re: U.S. job openings post biggest drop in more than four years

#272

Post by thrower123 »

joelbluminator wrote: post #271
thrower123 wrote: post #84

Earlier quoted context omitted.

As long as there are huge piles of cash floating around looking for something to be invested in, it's not going to crash. Everybody buys into every little dip, on the assumption that it'll go back to where it was, and they will make some money. Because they do this, it does go back up to where it was, or a little higher, and the piles of money get bigger.

"As long as there are huge piles of cash floating around" : is this due to the low interest after 2008? Even still, I would assume stock prices can't exceed a certain threshold relative to the company's earnings as it won't make economic sense; but if indeed there are no other investment alternatives I guess it does? Maybe just hoarding cash and waiting for a crash is the best strategy?

The old chestnut is that the market can stay irrational a lot longer than you can stay in the black trying to bet against it.

Keeping money in S&P500 index funds is giving 5-10% returns over the past three and a half years. Bank accounts and money-market funds don't even give you 1% over that period.

Re: U.S. job openings post biggest drop in more than four years

#273

Post by magduf »

Clubber wrote: post #197
magduf wrote: post #143

Earlier quoted context omitted.

That's not exactly what we're seeing with right-wing people. They will happily tell you that NYT, WaPo, CNN, AP, Reuters, etc. are all "fake news" because their far-right "news" sources tell them so.

If you don't think all big media news outlets have an agenda to push, you might need to take a closer look. That includes CNN, WaPo, Fox, etc. As an example, Bloomberg effectively told his news outlets they weren't allowed to investigate Democrats during the primary. https://www.cnbc.com/2019/11/24/bloomberg-news-will-not-inve...

Perhaps, but according to the Trump fans, the right-wing outlets are completely unbiased and trustworthy and don't have an agenda to push, and all the other ones are just completely making stuff up out of whole cloth.

Re: U.S. job openings post biggest drop in more than four years

#274

Post by joelbluminator »

thrower123 wrote: post #272
joelbluminator wrote: post #271

Earlier quoted context omitted.

"As long as there are huge piles of cash floating around" : is this due to the low interest after 2008? Even still, I would assume stock prices can't exceed a certain threshold relative to the company's earnings as it won't make economic sense; but if indeed there are no other investment alternatives I guess it does? Maybe just hoarding cash and waiting for a crash is the best strategy?

The old chestnut is that the market can stay irrational a lot longer than you can stay in the black trying to bet against it. Keeping money in S&P500 index funds is giving 5-10% returns over the past three and a half years. Bank accounts and money-market funds don't even give you 1% over that period.

Indeed, that's the common investor wisdom. But I have to say it's getting scarier by the day. If you hoard cash or put it in a savings account you risk inflation. If you put it in the market you risk 40% crash is we witnessed twice the last 20 years. You might say bonds but they carry a risk as well as interest rates may pick up at some point. I'm staying in the market but can't say I'm loving it.

Re: U.S. job openings post biggest drop in more than four years

#275

Post by downerending »

bgee wrote: post #260
downerending wrote: post #255

Earlier quoted context omitted.

I was told by the recruiter that the hiring committee had passed me, and I subsequently had a conversation with a team manager that seemed fine. Then heard I was nixed at the final executive review--something like that. Was contacted after the usual six months by a new recruiter wanting me to apply again. Asked what happened last time, which he seemed to know nothing about. He investigated, and came back with the cor…

By "no head count" I meant was it could happen that the head count they are conducting interview for was lost by the time the package reached its final stage. Giving Google's extremely long hiring process, I imagine this happens more often to Google then to other tech companies. I do wish companies are more transparent about their hiring decisions.

I could see that for a small company. For a company of Google's size and wealth, it simply doesn't make sense not to pick up a good candidate even if you don't need them right away.

In any case, it did drive home the point that Google would never see me as anything but marginal and expendable, and I realized that there were other places where I could really matter.

Re: U.S. job openings post biggest drop in more than four years

#276

Post by [deleted] »

snarf21 wrote: post #147
aazaa wrote: post #124

Unemployment drops during an expansion, then rises heading into a recession. It turns out you can quantify this relationship as a recession predictor: > According to LaVorgna, since 1948, the economy has always entered or been in a recession when the unemployment rate increases 50 basis points (or 0.50 percentage point) from its trailing cyclical low. https://www.cnbc.com/2019/02/20/a-recession-indicator-with-a... Ta…

Add in the bad monetary policy that has Fortune 500 companies borrowing money at 0% to buyback stocks. Then the Democrats are going to want to rollback the Trump tax cuts and that will be the beginning. However, I think we need a bad recession or pop to bring things back to normal instead of just easing the pressure slightly. Otherwise the real crash will be even bigger.

[deleted]
Post reply on HN