Money & Economics

If the employment /jobs are as bad as expected Sept 9, and the Fed cuts rates due to Trumps political stupidity , things will get uglier quicker

Fed rates won’t help mortgages much

Great thread to learn more about the Fed rate …easy to understand
 
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Housing prices are already coming down. Supply and demand . They will continue to. It’s not a rate problem never was. Only folks who skipped Economics class agree with Trump.

 
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She Thought That Her Computer Science Degree Would Get Her A Six Figure Job – Instead It Got Her An Interview With Chipotle​

She Thought That Her Computer Science Degree Would Get Her A Six Figure Job – Instead It Got Her An Interview With Chipotle | ZeroHedge

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It is time to face the truth.

We really are in the midst of a substantial economic downturn that has been going on for quite some time.

Needless to say, I believe that the difficult times that we are experiencing now are not even worth comparing to what is eventually coming.

So we are all going to have to adjust our plans and our expectations.

The system that we have all depended upon for so long is failing, and we all need to start becoming a lot more self-sufficient.
 
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bigredfish said:
We really are in the midst of a substantial economic downturn that has been going on for quite some time.
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Agreed, plus in the case of computer science degrees, I suspect a big part of this is the typical overshoot that happens with large supply and demand systems. The lure of the "six figure salaries" I'm guessing created an oversupply of degree holders, while at the same time the industry matured and consolidated, reducing the demand for the degree holders. I fear the trend will get even worse. I am truly stunned by the speed and quality of code that AI can churn out. It's not perfect and probably never will be, and will need traditional tweaking and debugging, but it will allow one person to have the same level of productivity that takes maybe a half dozen people now. Product development cycles will be shortened, speeding up the dizzying rate of change that we already have. I don't see it ending well, society-wise.
 
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tigerwillow1 said:
Agreed, plus in the case of computer science degrees, I suspect a big part of this is the typical overshoot that happens with large supply and demand systems. The lure of the "six figure salaries" I'm guessing created an oversupply of degree holders, while at the same time the industry matured and consolidated, reducing the demand for the degree holders. I fear the trend will get even worse. I am truly stunned by the speed and quality of code that AI can churn out. It's not perfect and probably never will be, and will need traditional tweaking and debugging, but it will allow one person to have the same level of productivity that takes maybe a half dozen people now. Product development cycles will be shortened, speeding up the dizzying rate of change that we already have. I don't see it ending well, society-wise.
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It has been going on a long time. Back in my LAN Admin days, started in the 90s, I dealt with around 200 applicants a week. The Computer Science Degree applicants were the worse, Zero computer knowledge, only book sense. Same with ITT grads. There was a big push for this degree back then, assuming the same today. Difference is personal computers are no long a new thing like back then.
 
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Prices... not rates, are already falling because people quit buying.

Now buyers may get even more boost in Sept as the Fed is bullied into dropping rates, but your checkbook doesnt give a fuck what the rate is. It only cares about price.

(whats the rate on your car loan?)


 
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bigredfish said:
She Thought That Her Computer Science Degree Would Get Her A Six Figure Job – Instead It Got Her An Interview With Chipotle
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Her problem is that she only got a BS degree. At our local Chipotle, all of their sandwich makers have an MS in Computer Science.
 
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a vote for Thomas ..

 
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bigredfish said:
Housing prices are already coming down. Supply and demand . They will continue to. It’s not a rate problem never was. Only folks who skipped Economics class agree with Trump.

Click to expand...


100 % spot on ..

USA borrowing too much money and expecting a lower interest rate ..
 
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