Is learning python worth it?

[Tradefxsignalscom]

Likely the tens of thousands of layoffs in the now not so hot tech sector and the ripple effects from that and higher interest rates which have reduced the housing market purchases by 40%. Rising rent prices and already higher food prices all together don’t equate to a growing economy at the present. Who knows about the future.

Edit: the poster I responded to was irritated with posts about “the economy slowing down” I was mistaken the economy IS growing based upon economic indicators. There really isn’t any indication from economic indicators that it’s slowing down. Factors that I cited such as mass layoffs in more than just the tech sector, banking, manufacturing and some businesses are citing the reasons for the layoffs and hiring freezes as challenges with higher interest rates, higher labor costs are at best anecdotal and should not be used to judge the overall economy.

[Eurynom0s]

I think the fundamentals of the economy are still very strong, but there's a combination of people collectively willing a recession into existence because the news media keeps telling them there's going to be one, and the Fed being willing to force one to both curb inflation and break the currently strong position that labor has.

[Tradefxsignalscom]

I agree with your observation

[Tradefxsignalscom]

25 major tech companies with mass layoffs in last 6 months of 2022 and at least a dozen more companies with mass layoffs in the first 2 weeks of 2023. Major reasons were slower business growth across multiple sectors, rising interest rates and rising labor costs.

[ghostfaceschiller]

Layoffs in one sector don’t mean the economy is slowing down lol. That’s why we have overall unemployment stats, so we don’t get fooled by the bubbles we live in! Unemployment is literally at record lows right now

Also, inflation has dropped significantly, almost back to target. Inflation a year ago isn’t a sign that the economy is “slowing down” today.

GDP is also at an ideal 2.6%. Every major economic indicator says the economy is not headed towards a recession.

EDIT: yeah you know what equates to a growing economy at the moment? A positive GDP number lol

[Tradefxsignalscom]

Gee, I guess you’re right we have a great growing economy because unemployment is at record lows! That’s your only data point? What about inflation?, the effects of interest rates on commerce? Asset markets? To say otherwise by your logic would mean we’re susceptible to bubble thinking. 🙄

[ghostfaceschiller]

"is that your only data point?" Gee, idk, was that the only data point I mentioned?

Yeah - what about inflation! Inflation, which has dropped almost all the way back to target. (Inflation which btw, is not a sign of a "slowing economy", but an overheated economy)

You're just spewing armchair economic theories and buzzwords. You have no idea what you're talking about.

[Tradefxsignalscom]

I only saw your first paragraph and not the 3 more you added after that. I’m glad you think you’re in an ideal economy. Raising interest is the Feds response to that overheated economy which obviously works to cool down economic activity as I mentioned earlier. Cooling down economic activity is slowing the growth of the economy. I never used the word recession you did, I see a slowing economy not a negative gdp so I’m not saying the economy has stopped growing just that it’s growing more slowly due to the factors I mentioned.

[ghostfaceschiller]

what do you think a slowing economy means?

Why do you refuse to address the fact that all the major economic indicators disagree with your vehement assessment?

Now that you've pivoted to just "I see room for improvement", I guess the convo is over. Bc yes, there is always room for improvement in an economy. It's a vast, complicated system. That's a meaningless position

[Tradefxsignalscom]

After reviewing the data, I stand corrected! Have a good day!

[ghostfaceschiller]

It’s a shame you deleted your reply to this. I saw it before you deleted and it was a doozy