With many companies laying off and cutting as soon as they announce, this clearly means the economy is heading towards a deep recession (especially due to the accumulated debt of USA). Listen to "Nouriel Roubini".
Save every penny you have cause you will need it during the recession. Forget about Christmas presents - give your loved ones an "I owe you" until you get another job and the recession is over. If it's a short recession it will last about 10 months from now. If it's a long and deep recession then at least two years. Take some time to listen to Roubini and if you don't understand some of the financial terms, look them up on google. He predicted the 2008 recession and market crash, and I think he's right about the 2023 recession.
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Nonsense Roubini always predicts apocalypse. Have you ever seen a happy economist? They are always worried about some cr-p and the like of Nonsense Roubini will keep predicting the sky will fall on your a-s.
Thankfully we have more enterprenuers than economists. atleast so i hope.
Don’t believed these apocalypse prophets. They make a ton of money on spreading fear. They say there’s a new 2008 recession comings every year until that happen so they could say “I predicted that”.
Save money and update your skills but don’t panic
It seems to me clear that a recession is coming, and that it could be deep, but we don't know that it will be.
Jeremy Grantham is another expert calling for a deep recession. Alternatively, John Hussman points out that we don't have to get a crash -- instead we could get a "lost decade", like Japan.
Best prediction I've seen is that the Fed will continue to tighten until the pain of job losses is approximately equal to the pain of inflation.
Recession is coming but advise big tech lived a bit of a lie for years. Unprofitable products supported by profits from non technical products along with mounting losses for years. Many made 7 figure salaries managing basic sites with high traffic and that is it. Big tech is as well suffering due to that bubble bursting, big tech simply failed to innovate. I find it intriguing how many are scared or are scaring others, there are many industries hiring but will require a bit of ambiguity to be competitive in that market. Don’t panic at all, “Mr. Doom” predicts recession every year till he doesn’t get it right. Currently market has down trend that will continue for 3-10 months and define if we will enter recession. Most companies are profitable and growing, far from panic mode. But let’s not pretend that most of big tech was failing with their innovations and ability to monetize them, plus 20x evaluations due to promises of those innovations capitalizing, this was overdue and bandaged by increased revenue of 2020.
FYI, I made decisions early June 2022, anticipating this without any internal insight but just observing.