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BumRushDaShow

(141,321 posts)

19. The "tech sector" has always been the victim of "bubbles", particularly over the past 3 decades

Reply to BrianTheEVGuy (Reply #17)

Thu Sep 5, 2024, 02:32 PM

Sep 5

with the race to create/manufacture or buy/deploy "bleeding edge" concepts, and including big dumps of money into doing that (while also buying out smaller companies or start-ups to absorb their knowledge/patents and "clear the field" ). And then if/when it fails, the vulture capitalists start circling, offering to "save the company". They will milk whatever is left and then that is when the big layoffs happen.

And that impacts across the sector to the support personnel of that tech that might be deployed in some non-tech environment.

It's not something that happens to other parts of the economy however.

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Highlight:

August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says [View all] BumRushDaShow Sep 5 OP

As always, the Fed can never gage what is happening in the economy until well AFTER it happens lapfog_1 Sep 5 #1

"We are sliding into "recession" territory." BumRushDaShow Sep 5 #3

Thanks. Agreed. And, continue to be surprised stopdiggin Sep 5 #6

It's an artifact of past practices and their unfortunate aftermath BumRushDaShow Sep 5 #7

couldn't agree more. and what concerns me further is that this stopdiggin Sep 5 #9

Needless to say I don't share your optimizing. lapfog_1 Sep 5 #18

For some bizarre reason BumRushDaShow Sep 5 #21

Fed should cut .50 not .25. Make a statement & then hold for results. oldsoftie Sep 5 #2

Remember... BrianTheEVGuy Sep 5 #4

This report is done based on companies that subscribe (and provide data) to ADP BumRushDaShow Sep 5 #8

I'm not aligned BrianTheEVGuy Sep 5 #17

The "tech sector" has always been the victim of "bubbles", particularly over the past 3 decades BumRushDaShow Sep 5 #19

Not really accurate BrianTheEVGuy Sep 5 #20

It undergirds the economy with its use across different sectors BumRushDaShow Sep 5 #22

I see where our misalignment is now BrianTheEVGuy Sep 5 #23

To reply BumRushDaShow Sep 6 #24

It's different from the 80s or even the 00s BrianTheEVGuy Sep 6 #26

Again to reply BumRushDaShow Sep 6 #28

Ugh BrianTheEVGuy Sep 6 #29

Your entire discourse in this subthread BumRushDaShow Sep 6 #30

Lower interest rates already!!! JFC! They are waiting for a recession??? LymphocyteLover Sep 5 #5

It was inevitable, I was hoping for after the election IronLionZion Sep 5 #10

So far, the ADP numbers have been miles apart from the DOL ones BumRushDaShow Sep 5 #11

142,000 from BLS this morning IronLionZion Sep 6 #25

Yup BumRushDaShow Sep 6 #27

The ADP numbers cover only about 20% of the nation's private workforce progree Sep 5 #12

It's a common misunderstanding since they measure different things that sound similar IronLionZion Sep 5 #14

Nothing like squelching business with ultra high interest rates WhiteTara Sep 5 #13

"Nothing like squelching business with ultra high interest rates" BumRushDaShow Sep 5 #15

This was the Fed's plan, right? maxsolomon Sep 5 #16