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There's a high probability that if the unemployment rate surges, then the Federal Reserve pivots to FULL Q.E./turns on the money printer in expectation of a Recession, and to prevent an actual Economic Depression.
This X post says that "mega layoffs" will start in 18 months.
At a recent dinner I met a very senior engineer at one of the Big Four tech cos.
His team develops tooling for a 0-engineer future.
They're not allowed to tell anyone internally what they're working on to avoid mass panic. He figures mega layoffs start in 18 months.
https://x.com/corbtt/status/1927821116057309685First of all, let's analyze what's written in this tweet. The guy meat someone, who told him to not reveal the secret (but he revealed, which is a huge disrespect and I'd fight that kind of a guy) and then this guy himself says that they are working on something that will involve 0 humans in certain niche but they don't tell it because they want to avoid mass panic but this guy revealed this information. Now do you see a mass panic? And first of all, if it was a secret, that unknown guy wouldn't reveal it to someone as gossip as this guy is, who tweeted this information.
Long story short, this is either a fake news to have fun or get some expectations or has never been a secret but I think that it's a made up story.
Read my last two posts before this one. There's data coming on showing that some layoffs because of A.I. are indeed starting to happen. But let's wait for 17 more months to see if there's an actual "mega-layoff". Because if there is one, then expect Jerome Powell to pivot to Quantitative Easing and turn on the money printer.
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I like your post and that's what I think too but why so much disrespect towards Wind_FURY? Is there a beef between you two? Cause he hasn't said anything that dramatic in this post.
Read his trust-rating and add him to your ignore list. The more you talk to him, the higher probability you'll get influenced that the "Core Developers are evil". He and joland_fyookball almost got me to believe that Bitcoin Cash is "the real Bitcoin" before I did my own due diligence during the Scaling Debate drama.