American Economics Thread

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tamsen_ikard

Junior Member
Registered Member
Do you guys think US economy will be in recession similar to the big one 2008 or as mainstream media is predicting, soft landing aka very soft/small recession or no recession.

If you look at the tech sector, it seems a big recession layoff round has been happening since 2022. Ideally this should trickle down to the general consumer economy and companies but that hasn't happened yet.
 
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antiterror13

Brigadier
tamsen_ikard said:
Do you guys think US economy will be in recession similar to the big one 2008 or as mainstream media is predicting, soft landing aka very soft/small recession or no recession.

If you look at the tech sector, it seems a big recession layoff round has been happening since 2022. Ideally this should trickle down to the general consumer economy and companies but that hasn't happened yet.
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I hope not as bad as 2008 and this time China wouldn't help the US
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
martinwagner said:
As much as I'm annoyed by all the idiots touting "learn to code" to all of the laid off saps, its even more annoying to see all the youtube shysters who push their "I learned to code in 6 months and is now making $100k" channels. One look at their background and it’s obvious that they're usually failed Jr devs who couldn't code their way out of a wet paper bag without serious supervision but now are considered authorities in the field LOL. The only people more pathetic than them are their masses of braindead followers.
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That’s because a lot of them are people who rote memorized some DSA problems that tech companies use for interview screening but real software development is a lot more complicated than that. Unless you are a 100x (yes 100x not 10x) dev who optimize code in core libraries you don’t usually use any of the DSA tricks you see in Leetcode style problems. Give me a developer who can set up all the project dependencies independently, understand the existing code base, and be able to jump in a week after onboarding over a coding monkey who can do dynamic programming blind folded any day.

In fact I think that companies are beginning to catch up to the fact that a lot of noobs just cram really hard for coding exercises and get in for sweet software dev pay before they are “found out”. In my more recent interviews they emphasize system design and knowledge/concept of stuff like distributed systems and container orchestration a hell of a lot more than DSA. That said it could have to do with the fact that I’m more of a senior dev at this point and that they expect me to know how to code after a decade of continuous employment.
 
F

Franklin

Captain
FairAndUnbiased said:
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I am sad that the funny thread is gone.
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Because there is no great economy. The strong economic growth and the low unemployment numbers comes from more than 2 trillion dollars of deficit spending by the government and also by jigging the inflation numbers. Both at the beginning of 2022 and 2023 the FED has revise the way they calculate the inflation to make the numbers look lower than it actually is. And that goes on top of all the previous revisions of inflation calculation methods since the 1980s.

The US economy is not only being necked by high inflation but also by high interest rate and high debt levels. Both production and import numbers are down last year. That shows you that people are not buying more but paying more for goods and services and those are two different things. The ‘growth’ that you see in the economy is just inflation and deficit spending.

This article shows you everything wrong with the media in the West today. It doesn’t matter what the people say and feel or looking at other data to cross reference the growth claims but just believe the government numbers.
 
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FairAndUnbiased

FairAndUnbiased

Brigadier
Registered Member
Franklin said:
Because there is no great economy. The strong economic growth and the low unemployment numbers comes from more than 2 trillion dollars of deficit spending by the government and also by jigging the inflation numbers. Both at the beginning of 2022 and 2023 the FED has revise the way they calculate the inflation to make the numbers look lower than it actually is. And that goes on top of all the previous revisions of inflation calculation methods since the 1980s.

The US economy is not only being necked by high inflation but also by high interest rate and high debt levels. Both production and import numbers are down last year. That shows you that people are not buying more but paying more for goods and services and those are two different things. The ‘growth’ that you see in the economy is just inflation and deficit spending.

This article shows you everything wrong with the media in the West today. It doesn’t matter what the people say and feel or looking at other data to cross reference the growth claims but just believe the government numbers.
Click to expand...
I was told that only oppressive authoritarian regimes tell you to believe the government and not your lying eyes.
 
S

Serb

Junior Member
Registered Member
2-3% fictional, over-accounted GDP "growth" simply isn't enough to cover for the loses of the purchasing power (and the repayment of all kinds of loans people were previously encouraged to take on in historic numbers) due to inflation for the average Joe (as not much of that "growth" get distributed to him), that's why he needs to work multiple jobs right now. But that's what the media won't tell you because they are CIA-led.



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