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Money and Finances
Reply to "Alarm Bells Ringing: November 2023 Tech Layoffs & Government Disconnect"
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[quote=Anonymous] We may still suffer a crash and recession, but it will come from real estate issues (just like in China). The tech sector is notoriously fickle, so I wouldn't base your predictions on it. I've observed a slump in biotech research, personally. But that's a niche area. My concern is mainly commercial real estate affecting the economy. I know your post is mainly trying to agitate against one political side, but that's nonsense. Both Trump and Biden pumped huge sums into the economy to get out of the pandemic doldrums. No country is doing as well as the US, frankly. If we suffer something more serious, it won't be due to one party or the other. It will be due to China's real estate crash and subsequent banking rout, and real estate fragilities in the US market together with various energy-related wartime pressures. [/quote]
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