Re:Ask HN: What's Going on with the US Economy?
by csomar on Wednesday October 30, 2024 @11:13PM
(#42003124)
In my opinion, the US dollar system is blowing up: https://goldprice.org. But this is a highly subjective opinion.
- The job market is actually weak: The year long news about a strong job market are largely wrong. The Fed has revised its estimates and the job market is not that strong.
- Tech is a small part of employment.
- Everyone is investing in chips, nvidia, compute and training without much thinking.
- Last few years inflation has eroded lots of buying power. So even if you have a job, you still feel the pinch.
- The job market is actually weak: The year long news about a strong job market are largely wrong. The Fed has revised its estimates and the job market is not that strong.
- Tech is a small part of employment.
- Everyone is investing in chips, nvidia, compute and training without much thinking.
- Last few years inflation has eroded lots of buying power. So even if you have a job, you still feel the pinch.