Yeah, the economy is just roaring along...
Great, isn’t it?
I hope the coming big crash on Wall Street hits soon, well before the election.
Saturation, virtualization, and optimization are the greater “culprits” here, if you must find a villain. All infrastructure work is cyclical and driven by demand. IT is not exempt from market swings and corporate decisions.
The notion that companies exist to provide lifelong employment hasn’t been true in my 50+ years. There are still plenty of IT jobs going begging; but neither the jobs, nor the technology, ever remain static. It is a industry predicated on continuing education. Adapt or die.
I hope the coming big crash on Wall Street hits soon, well before the election.
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Unlikely in my opinion. The Fed is highly political and won’t allow it as long as a Democrat is president. It has to maintain the illusion of economic vitality and will print money and expand its balance sheet as long as it can. Whatever it takes.
But if Trump is elected, the Fed will soon begin ‘normalizing’ interest rates and of course the media will immediately start talking down the economy. Trump will be the fall guy for the crash. At least until he can turn it around with sensible economic policies.
Good news for Wall Street.
It’s been propped up to crash after Donald Trump takes office, so it can be “Trumps Depression”.
/no, not sarcasm