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no recession in 2024, as biden has had the fed rig the markets
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Jan 9, 2024 07:40
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I say yes recession in 2024 because Biden
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Jan 9, 2024 08:02
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I voted zaurg which I can only assume means total chaos
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Jan 9, 2024 13:45
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Saw a recent article in the Wall Street Journal about only 700 IT jobs being added in 2023, down from like over 200k in 2022. Not surprised considering the vibes among tech workers here in Seattle, either laid off and still looking for work or employed but no idea if they're next on the chopping block.
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Jan 10, 2024 19:58
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Mustang posted:Saw a recent article in the Wall Street Journal about only 700 IT jobs being added in 2023, down from like over 200k in 2022. WSJ are notorious for gross over reactions based on small, biased sample sizes. There will be a slowdown for sure, but it'll mean tech jobs are closer to any other industry, not that it will look like rotary phone repair.
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Jan 10, 2024 20:47
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I think I was just seeing that delinquency rates on car loans in the U.S. are higher than they've been since 2017 and rising. Maybe the car bubble is finally going to burst, like I've been saying for the last decade or so?
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Jan 10, 2024 23:49
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Ham Equity posted:I think I was just seeing that delinquency rates on car loans in the U.S. are higher than they've been since 2017 and rising. Maybe the car bubble is finally going to burst, like I've been saying for the last decade or so? There's an entire genre of YouTube channels for old white guys to rant at the screen while walking around, prophesying an economic downturn right around the corner. And there's a sub-genre specifically for the car market.
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Jan 10, 2024 23:57
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There will be an economic downturn eventually. You do not know when that will be.
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Jan 11, 2024 01:16
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Ham Equity posted:I think I was just seeing that delinquency rates on car loans in the U.S. are higher than they've been since 2017 and rising. Maybe the car bubble is finally going to burst, like I've been saying for the last decade or so? For what it's worth, the delinquency rate on sub prime auto loans appears to be the statistic people are reporting on, while burying that detail in the article. The majority of auto loans are made to prime borrowers. A quick check finds this statistic https://ycharts.com/indicators/us_auto_loans_delinquent_by_90_days which seems to indicate that overall delinquencies are lower than pre-pandemic. Sub-prime borrowers are probably in loan hell right now though, because rates on those are apparently like credit card rates.
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Jan 11, 2024 02:14
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| # ? Apr 29, 2024 15:22 |
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wtf
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Mar 10, 2024 08:37
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