221–230 of 264 posts
Earlier quoted context omitted.
... doesn't everyone who has a PhD in CS also have at least a bachelor (and probably also a master) in CS? Why should they get paid less? :D
At the same age, you have 4 to 8 less years of professional experience than someone with only a BS. I'm assuming the GP isn't trying to compare salary for people that are 10 years different in age.
I mean, i mean: is this one going to be worse than 2008?
Fortune magazine is trying to compare our current problems with 2008. They say that it might turn out to be worse, this time, as 2008 was merely a "black swan event", the difference being that inflation is coming "for real" right now. https://fortune.com/2022/03/26/great-recession-key-differenc... Also this:
"By some standards, stocks are now even more overvalued than they were back then, leading some experts to argue we’re experiencing an “everything bubble.”
Dan Ives told Fortune. “Tech valuations relative to growth, in particular, are much cheaper today, by about 25%, than they were going back to ‘07.”
Ives argued that the financial stability of tech stalwarts, which by some estimates represent over 20% of the S&P 500, is unparalleled, noting that the Great recession was mainly a “black swan driven event.” "
Also the economists don't appear to have predicted it. Well, at least US Intel was right about the war in Ukraine...
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That's why it is extremely frustrating to watch this unfold. The easiest way to kill inflation is to kill growth. But that won't help people in need anyway. An empty shelf of baby formulas are not a sign of "economy is too hot". It is a sign of supply issue.
>> An empty shelf of baby formulas are not a sign of "economy is too hot" The highest rate of inflation since 1981 is a sign of "economy is too hot". The Fed has two jobs: keep both unemployment and inflation low. Unemployment is near 40 year lows, inflation is near 40 year highs. You know what is going to happen, and the Fed has said what is going to happen, if you understand Fedspeak. They're going to raise rates,…
Changing interest rates does not fix supply chain problems. It actually makes them worse because it removes the financial headroom that companies involved in those supply chains have to invest in improvements.
For example, there is a shortage of computer chips. Say that you are Intel or Texas Instruments. You want to invest in producing more chips. Does increasing interest rates and probable recession make the magnitude of that investment go up or down?
The Fed is like a surgeon that has amputated the wrong leg. Not only is the patient missing a perfectly good leg, but the other leg still has gangrene.
Earlier quoted context omitted.
That's why it is extremely frustrating to watch this unfold. The easiest way to kill inflation is to kill growth. But that won't help people in need anyway. An empty shelf of baby formulas are not a sign of "economy is too hot". It is a sign of supply issue.
>> An empty shelf of baby formulas are not a sign of "economy is too hot" The highest rate of inflation since 1981 is a sign of "economy is too hot". The Fed has two jobs: keep both unemployment and inflation low. Unemployment is near 40 year lows, inflation is near 40 year highs. You know what is going to happen, and the Fed has said what is going to happen, if you understand Fedspeak. They're going to raise rates,…
Earlier quoted context omitted.
> Funny thing is I’ve seen this exact advice destroy a company. In March 2020 they did deep layoffs and cited the need to be “default alive.” Then their main market surprisingly quickly grew in the rest of 2020 I recognize that later in your comment you say "Of course if 2020 had gotten worse maybe they would look smart" but I think it's worthwhile to compare/contrast the pure macroeconomics of early pandemic versus…
I think the technical term is "policy levers" and secondly, your dialectic there is over-simplified, reduced to talking points. Real money supply goes somewhere through some mechanisms with some costs .. not a fan of the Fed and, this is not sufficiently detailed to be representative IMHO
The fed is effectively cutting off the labor side of the business cycle.
Is it possible to raise a series A before reaching product market fit ? I thought it's more like you raise a Series A to scale up ? Why would someone give you 20M dollars to just do research ? Never did this myself btw do maybe all these questions are tosh.
In the fundraising environment of the past few years, well-connected companies could raise a series A before even having a commercial product. ( https://techcrunch.com/2019/12/17/anyscale-ray-project-distr... is the example I remember most clearly)
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> a 70% cut...Cutting once and cutting hard allows you to reassure the people that are still here that you are truly profitable If your employees are dumb enough that they interpret a 70% cut of the workforce as a sign that your company is stable, you're doomed. It's hard to imagine the dumbest person in the world interpreting that as a sign of stability.
I'd just assume the company's already dead and someone's trying to suck some remaining value out of it or make a hail-mary acquisition deal to bail out their investor pals (at no return to employee stock holders, I'm sure) if that happened. I'd be working on my résumé on the "work" day when that's announced, for sure.
It’s almost as if the blog poster would have a vested interested in seeing a massive cut.
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The largest portion of "unfettered stimulus" went to private companies in PPP loans... but that's rarely brought up, which I always find interesting.
Every once in awhile I look up PPP loans of companies I know didn’t suffer any Covid-relates downturn (some even thrived) and am never surprised to see fat checks fully forgiven. Must be the greatest theft in US history.
In nominal terms it was.
Earlier quoted context omitted.
... doesn't everyone who has a PhD in CS also have at least a bachelor (and probably also a master) in CS? Why should they get paid less? :D
At the same age, you have 4 to 8 less years of professional experience than someone with only a BS. I'm assuming the GP isn't trying to compare salary for people that are 10 years different in age.
Earlier quoted context omitted.
>> An empty shelf of baby formulas are not a sign of "economy is too hot" The highest rate of inflation since 1981 is a sign of "economy is too hot". The Fed has two jobs: keep both unemployment and inflation low. Unemployment is near 40 year lows, inflation is near 40 year highs. You know what is going to happen, and the Fed has said what is going to happen, if you understand Fedspeak. They're going to raise rates,…
There’s two kinds of inflation. Demand-driven inflation caused by people having too much purchasing power. And supply-driven inflation because of shortages or supply chain. Changing interest rates does not fix supply chain problems. It actually makes them worse because it removes the financial headroom that companies involved in those supply chains have to invest in improvements. For example, there is a shortage of c…