Recessions are a staple of a market correcting itself. On average, about 1 recession every 6–10 years. Yes, believe it or not, they are common. What you need to worry about is a depression. Those are not healthy.
True. However, on other side of the coin, some people are interpreting job losses through the AI hype lens rather than the actual cause of a slowing economy.
Mostly because I hope it will stop the neverending onslaught of articles and blog posts on HN from folks who giddily insist on telling the world how Claude changed their life and how now they can produce bad code 10x faster than before.
Recessions are a staple of a market correcting itself. On average, about 1 recession every 6–10 years. Yes, believe it or not, they are common. What you need to worry about is a depression. Those are not healthy.
For someone who doesn’t know better: doesn’t stable and predictable economic policy keep us from market fluctuations that create recession?
There are a number of confounding factors currently affecting markets, making it difficult to judge what might constitute a healthy correction or not.
True. However, on other side of the coin, some people are interpreting job losses through the AI hype lens rather than the actual cause of a slowing economy.
I can't wait for the bubble to burst.
Mostly because I hope it will stop the neverending onslaught of articles and blog posts on HN from folks who giddily insist on telling the world how Claude changed their life and how now they can produce bad code 10x faster than before.