21–30 of 298 posts
And they say we are not in a recession.
Probably we are in for a prolonged stagnation, but even after 11,000 layoffs last week, Meta’s employment level is on par with early 2022, hardly a massive reduction historically.
Looks like a lot of new people will rush to http://www.bestpaidremotejobs.com again. The latest wave of followers came due to the latest Twitter and Meta layoffs.
And they say we are not in a recession.
I get we've been cooking the books and printing money during COVID, but shouldn't there be a raw productivity explosion in the US economy with COVID restrictions lifting? Suppressed consumption, increased output, etc? This does seem like some weird massive manipulation of the economy by the elites to grab more wealth and control. Or it's just some collective revenge against the various antiwork / worker empowerment /…
As for the massive amount of manipulation, that was done in plain sight. The fed had injected $$$ and low interest rates into the economy since 2009 and finally the spigot stopped.
There has been a lot of talk about a correction coming and a bubble bursting specifically in tech for years now. Is this it?
$5B loss from one business line is a lot. Maybe this manner of investment inspired Zuck on the metaverse.
And they say we are not in a recession.
I get we've been cooking the books and printing money during COVID, but shouldn't there be a raw productivity explosion in the US economy with COVID restrictions lifting? Suppressed consumption, increased output, etc? This does seem like some weird massive manipulation of the economy by the elites to grab more wealth and control. Or it's just some collective revenge against the various antiwork / worker empowerment /…
There has been a lot of talk about a correction coming and a bubble bursting specifically in tech for years now. Is this it?
And they say we are not in a recession.
There has been a lot of talk about a correction coming and a bubble bursting specifically in tech for years now. Is this it?