seems it's mostly a response to the intel layoffs, high interest rates keeping debt expensive, a burgeoning bourgeois realization that the ai hype is vaporware obfuscating elaborate mechanical turks and that tech sanctions against china are counterproductive
Large institutional capital firms have been liquidating their stocks for the past week and making noises about recession. The market is freaking out as a result.
It's probably nothing in the grand scheme of things, but could signal that a major economic downturn is on the horizon.
What's going on?
seems it's mostly a response to the intel layoffs, high interest rates keeping debt expensive, a burgeoning bourgeois realization that the ai hype is vaporware obfuscating elaborate mechanical turks and that tech sanctions against china are counterproductive
Bidenomics
deleted by creator
Large institutional capital firms have been liquidating their stocks for the past week and making noises about recession. The market is freaking out as a result.
It's probably nothing in the grand scheme of things, but could signal that a major economic downturn is on the horizon.