The only thing I'm not so sure about is the health of the economy. While all macro stats look great so far, they don't yet reflect the wave of layoffs we're seeing in sector after sector.
We may be going through a mild recession overall and a brutal one in bubble-land. Regardless, it will feel horrible to anyone younger than 35, who has never experienced a recession since joining the workforce at most ~15 years ago.
well there was the subprime thing, it hit harshly on south europe. heck italy was still trying to climb out of that when covid hit, and it's like still down significant % from 2008 gdp levels
Comments
Agree on everything :-)
The only thing I'm not so sure about is the health of the economy. While all macro stats look great so far, they don't yet reflect the wave of layoffs we're seeing in sector after sector.
We may be going through a mild recession overall and a brutal one in bubble-land. Regardless, it will feel horrible to anyone younger than 35, who has never experienced a recession since joining the workforce at most ~15 years ago.
well there was the subprime thing, it hit harshly on south europe. heck italy was still trying to climb out of that when covid hit, and it's like still down significant % from 2008 gdp levels