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Lowest “Who is hiring?” Post Count in 30 Months

news.ycombinator.com

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Re: Lowest “Who is hiring?” Post Count in 30 Months

#191

Post by throwaway292939 »

omegaworks wrote: post #166
yewenjie wrote: post #135

One reason is that crypto is down and the flurry of random crypto startups are absent right now. Compare the number of posts in December 2021 for reference, which was peak crypto of recent times.

Crypto itself, or at least the bubble, was an unintended byproduct of low interest rates and lax securities enforcement. The low interest environment is intended to spurn the monied rich into investing in productive businesses, but "innovators" instead invented crypto assets and lauded them as the second coming of Mansa Musa, siphoning nearly a trillion dollars out of the productive economy. Clever crypto "innovators…

What is the government outlet here?

Re: Lowest “Who is hiring?” Post Count in 30 Months

#192

Post by conductr »

harryvederci wrote: post #23

I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…

Official measures are lagging indicators, so a recession always exists before it exists.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#194

Post by zeroonetwothree »

baremetal wrote: post #180
tengbretson wrote: post #177

Earlier quoted context omitted.

Despite two quarters of negative GDP growth, the current justification for saying we are not currently in a recession is that the unemployment rate is so low. The current stated goal of the Federal Reserve is to raise the unemployment rate from 3.7% to a target of 4.4%. What you are remarking on as possibly a self-fulfilling prophecy is instead the result of official policy achieving its goal.

>Despite falling GDP, the current justification for saying we are not currently in a recession is that jobs and employment numbers are high. Pretty sure a recession is two quarters of negative growth. Rationalization hamster wheels notwithstanding.

We have had 2 quarters of negative growth before without an official NBER recession (though not since the 50s).

Re: Lowest “Who is hiring?” Post Count in 30 Months

#195

Post by randomsearch »

harryvederci wrote: post #23

I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…

If sites like HN were that influential we’d all be running Linux on the desktop and listening to our nomads.

Not sure if that’s a good or bad thing.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#196

Post by galfarragem »

brookside wrote: post #174
robertk wrote: post #79

Earlier quoted context omitted.

https://www.financialsamurai.com/best-time-to-start-a-busine... “ The Best Time To Start A Business Is During A Downturn”

Financial Samurai strikes me as sadistic. His post about Mr. Money Mustache's divorce is pretty horrible example of soulless SEO headings kicking a rival blogger when down https://www.financialsamurai.com/mmm-divorce/

I have mixed feelings. It’s sadistic but too relevant to ignore. It’s an hit in the aircraft carrier of the FIRE poster child.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#198

Post by zeroonetwothree »

mywittyname wrote: post #163
Matticus_Rex wrote: post #60

Earlier quoted context omitted.

There is a supply shortage in some areas... and there is price inflation as well. That's actually what you'd expect with a supply shortage that isn't very evenly distributed anyway, but when you add dramatic expansion of the money supply in a period of very low interest rates on top of that, you'd certainly expect to see dramatic price inflation to match, as we have. The idea that a supply shortage is causing all of…

The "expansion in the money supply" has been going on for 15 years. The supply issues started 2.5 years ago. The inflation started about 2 years ago. So only one of those factors is correlated with serious inflation. The explicit goal of expanding the money supply in 2009 was to drive inflation in order to combat deflation. It didn't work. We ended up with a decade+ long period of low/no inflation. Even today, the US…

Money supply has roughly doubled since 2020. So you are not correct.

https://fred.stlouisfed.org/series/M2SL

Re: Lowest “Who is hiring?” Post Count in 30 Months

#199

Post by grumple »

_bohm wrote: post #168
adoxyz wrote: post #161

Didn't Oct 1 fall on a Saturday? Where web traffic to hacker news is typically much lower.

thread was yesterday https://news.ycombinator.com/item?id=33068421

That might have had a big impact. I used to always look for it on the 1st of the month, many posters might have failed to find it and just moved on.
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