Global Depression 2022 - Time to do the Breadline Boogaloo!

[Cool Dog]

And nobody in the industry sees it coming.

The market sure is

The really fun part is that those useless "administration and PR" roles tend to be 99% women, troons, and illiterate fat black women.

We're about to see lots of reeeeeeeeeeeeeeee.

Nah its gonna get even more retarded and they are gonna outsource all the IT to the cheapest shitholes around while keeping the cunts, troons and niggers because muh PR

Seeing reports that Ukraine have allegedly cut off russian gas flows to europe lmao

I wonder if this was sanctioned by the EU or if the Ukrainians got so high on their own propaganda that they think they can blackmail Europe. If it's the latter wonder how the euros will react.

Things are going from bad to worse, I'm going to keep slowly buying non perishable foods. Stay safe and be prepared frens.

E: partial shut off apparently of a pipeline responsible for 1/3 of the flow to europe

Got more on that?

I don’t think you understand just how terrible Chinese Tech is.

Its getting there, tiktok its chinktek, xiaomi too, and both work pretty well

Its like how the japs were doing shitty copies in the 40s and 50s, then by the 60s they were getting good, and by the 70s and 80s the burger electronics industry was reduced to dust and cars were getting fucked to death too, only saved by daddy government

The one thing keeping chinktek still down is their own shit working ethic vs the japs and how they even copycat each other. Also the commie government keeping tech down because they fear they will lose control

Also burgers are not as good as they used to, so its less about the chinks getting better and rather burgers lowering the bar

As an Eastern European techbro (sadly not a unicorn) I can tell you this is absolutely happening. I work for a globehomo tech company on an American project, and besides the leadership everyone on my project is from around the bloc, nobody I know works on a project that's originated in Eastern Europe, our closest clients are the Germans.

I found it weird how when I was hired last summer during the covid lockdowns they would hire 30-40 people per month and brag about this growth, never mind the fact that for the first couple of months I, and probably everyone else alongside me, was doing absolutely nothing because "projects don't start during the summer". It's very likely that the powers that be are preparing to offload a lot of their work to cheapskates like us and they need the manpower. I make an okay middle class income which is nothing compared to American wages, hell even our top level seniors never make it to a "six figure income."

In my country a legit engineer makes less than a creatura de las americas flipping burgers in mcdicks

@K-Hole​

Cant quote you, anyway, I remember some niggers getting so worked up with that peakoil stuff back in the dubya years that they almost anhero. Dont know how old you're but you better say away from doomposting, that shit was clickbait before clickbait was a thing, that blog you linked looks exactly like that shit from the early 2000s I was talking about, meanwhile all the doomers back then missed the 2008 collapse, didnt even see it coming

As for normalfags, I think even siegefags with their lemmings theory were too optimistic. The way normalfags all over the world bent over backwards during the pandemic basically destroyed any possibility of a real mass rebellion, the nigger chimpouts were allowed to happen, it was not a rebellion. If shit gets real normalfags will just bend over again and worry more about keeping what little they got left rather than paying attention at what they are losing

 

[Sneed's Feed And Seed]

They'll of course chime in decrying the evils of white America while having an actual, honest-to-God REAL culture of discriminating based on cultural background and skin color.

PL: Have witnessed this IRL with an South Indian friend of mine (originally from AP). Went to check the mail with him. Kashmiri neighbors came out and immediately asked him if he was "from the North or South".

 

[Stasi]

Got more on that?

Yeh looks like it's real and being reported more widely. Here's a yahoo article

 

[theshitposter]

They check in whenever they want

They'll of course chime in decrying the evils of white America while having an actual, honest-to-God REAL culture of discriminating based on cultural background and skin color.

sounds based. jealous?

 

[Gorilla Tessellator]

@K-Hole​

Cant quote you, anyway, I remember some niggers getting so worked up with that peakoil stuff back in the dubya years that they almost anhero. Dont know how old you're but you better say away from doomposting, that shit was clickbait before clickbait was a thing, that blog you linked looks exactly like that shit from the early 2000s I was talking about, meanwhile all the doomers back then missed the 2008 collapse, didnt even see it coming

As for normalfags, I think even siegefags with their lemmings theory were too optimistic. The way normalfags all over the world bent over backwards during the pandemic basically destroyed any possibility of a real mass rebellion, the nigger chimpouts were allowed to happen, it was not a rebellion. If shit gets real normalfags will just bend over again and worry more about keeping what little they got left rather than paying attention at what they are losing

Sir, this is doom thread!

PL: Have witnessed this IRL with an South Indian friend of mine (originally from AP). Went to check the mail with him. Kashmiri neighbors came out and immediately asked him if he was "from the North or South".

Yes, for me it's fascinating how they try to assess their status without doing it overtly. The innocent questions like: "are you a vegetarian?" are not so innocent really. It's get a bit murky, because Indians who live in America for a long time can sometimes eat chicken, but I guess with someone fresh "off the boat" it's more accurate. I wonder what Indians think of Chinese and Europeans.
I realized some time ago that those who come to study in America (OPT -> H1B) have to be Indian upper class to be able to afford it even in a shitty state college.

 

[Socrates]

The scariest part about all of this is just how unprepared a vast majority of people are for it. I don't know about the rest of you, but almost everybody I know is currently living check to check and basically none of them pay any attention to the larger economy. Half of them have been bouncing from job to job for the last two years without a care in the world. I've tried warning them over and over but I always get told that I'm being a doomsayer and that things will be fine. It feels like 90% of people are desperate to pretend that a core part of the stock market losing a third of its value in less than half a year is just a temporary thing that won't ever affect them personally. If the hiring freezes and layoffs spread from the tech sector to the rest of the economy things are going to get very ugly very fast.

 

[Hippopatumus]

The scariest part about all of this is just how unprepared a vast majority of people are for it. I don't know about the rest of you, but almost everybody I know is currently living check to check and basically none of them pay any attention to the larger economy. Half of them have been bouncing from job to job for the last two years without a care in the world. I've tried warning them over and over but I always get told that I'm being a doomsayer and that things will be fine. It feels like 90% of people are desperate to pretend that a core part of the stock market losing a third of its value in less than half a year is just a temporary thing that won't ever affect them personally. If the hiring freezes and layoffs spread from the tech sector to the rest of the economy things are going to get very ugly very fast.

 

[teriyakiburns]

The scariest part about all of this is just how unprepared a vast majority of people are for it. I don't know about the rest of you, but almost everybody I know is currently living check to check and basically none of them pay any attention to the larger economy. Half of them have been bouncing from job to job for the last two years without a care in the world. I've tried warning them over and over but I always get told that I'm being a doomsayer and that things will be fine. It feels like 90% of people are desperate to pretend that a core part of the stock market losing a third of its value in less than half a year is just a temporary thing that won't ever affect them personally. If the hiring freezes and layoffs spread from the tech sector to the rest of the economy things are going to get very ugly very fast.

The people I interact with most often are all memeing about bitcoin crashing and cryptobros BTFO lol, as if it's somehow the only commodity that went down the shitter in the last couple of weeks. Try pointing out that everything is crashing and they act like I started speaking in tongues.

 

[Ruin]

The people I interact with most often are all memeing about bitcoin crashing and cryptobros BTFO lol, as if it's somehow the only commodity that went down the shitter in the last couple of weeks. Try pointing out that everything is crashing and they act like I started speaking in tongues.

Gold shit the bed, gold.

We are fucked.

 

[FAQnews Correspondent]

The people I interact with most often are all memeing about bitcoin crashing and cryptobros BTFO lol, as if it's somehow the only commodity that went down the shitter in the last couple of weeks. Try pointing out that everything is crashing and they act like I started speaking in tongues.

Buy the dip.

Gold shit the bed, gold.

We are fucked.

Buy the dip also.

 

[HTTP Error 404]

Buy the dip.

Buy the dip also.

I hope to god this is the dip. It feels like the first preshock.

 

[Meat Target]

I'm glad I never bought crypto for anything other than to pay Dear Feeder.

 

[Socrates]

I hope to god this is the dip. It feels like the first preshock.

That's exactly what it is. Recession hasn't been priced in, the floor is a long way down from here. The volatility is insane and personally I wouldn't touch anything but blue chips with a ten foot pole right now.

 

[L50LasPak]

You're talking a technical recession. Ad revenue on the internet was very weak for nearly a decade or more, if we want to talk centralization of the internet into the current mega-sites; the vast reduction of internet ad revenue being responsible for all of the mom-and-pop style websites dying off would be a good starting point. 4chan launched after the technical recession ended for the dot-com bubble but the ramifications endured until nearly 2011 when there seemed to be a new spurt of growth on the internet, that ad revenue lasted until 2018, whenever PewdiePie had his bridge encounter, suddenly companies realized that most internet sites weren't paragons of purity and the revenue dried up again.

Another problem is that the entire advertising industry is currently existing in a bubble, maybe one of the largest the world has ever seen. There, to this day, is no hard data that actually can give a corporation a realistic figure for their return on investment for advertising. Infact, its hard to actually prove that advertising even sells your product at all and the best thing we can do is observe buying habits versus ad spending and just presume there's some correlation.

Compounding this problem that has always existed with advertising, we are living in a new age of technology-driven, targeted advertising that runs even more on assumptions and pseudoscience. We actually don't know a whole lot about the algorithms that go into the data-harvesting software currently running on just about every website and in many programs that feature telemetry. We also don't know very much about what data its gathering, and, what's more, we have zero reliable figures on whether or not this data can even be used productively. The scary part is corporations don't know either. They just pay out the ass for the advertising company to market their product and pretty much just hope their software does what it claims to.

That's right, every single aspect of the modern advertising industry may be completely unfounded. People always say the same thing to me too: "They wouldn't put so much money into it if it didn't so something." But, are you sure? How can you think that when there have been countless examples throughout history of financial bubbles where people just invested money into something because other people were investing money into it? A lot of those examples come from the tech industry too.

Advertising is currently one of the most profitable industries on the face of this planet. It accounts for a truly insane amount of money being spent every single year, and it is almost certainly founded on nothing. Its become deeply entagled with the tech industry as well ever since Google led the charge of harvesting user data for advertising purposes. The entire layout, architecture and economy of the modern internet is founded on the assumptions that Big Data makes. If that technology turns out to be useless, or even just less useful than corporations think it is, the entire industry could detonate pretty much over night. A lot of the tech sector services that useless software, and what's more important is a lot of websites fund themselves on ad revenue from programs that use that software and assume it works. This isn't even getting into ad-blocking either, or any of the myriad of other reasons why web advertisements probably don't sell a single product at all.

The scariest part about all of this is just how unprepared a vast majority of people are for it. I don't know about the rest of you, but almost everybody I know is currently living check to check and basically none of them pay any attention to the larger economy. Half of them have been bouncing from job to job for the last two years without a care in the world. I've tried warning them over and over but I always get told that I'm being a doomsayer and that things will be fine. It feels like 90% of people are desperate to pretend that a core part of the stock market losing a third of its value in less than half a year is just a temporary thing that won't ever affect them personally. If the hiring freezes and layoffs spread from the tech sector to the rest of the economy things are going to get very ugly very fast.

As much as I hate optimistic types who just stick their heads in the sand and pretend everything will be fine, and infact blame them for always letting this shit get out of control in the first place, I have to admit its hard to blame them at this point. People I've tried to explain things to have something of a mental block in place. Past a certain point they will just refuse to hear it, and its not like they can do anything about it either so there's no point in trying to convince them anyway.

 

[Meat Target]

That's exactly what it is. Recession hasn't been priced in, the floor is a long way down from here. The volatility is insane and personally I wouldn't touch anything but blue chips with a ten foot pole right now.

Calvin and Hobbes: "it's never so bad that it can't get worse".

Another problem is that the entire advertising industry is currently existing in a bubble, maybe one of the largest the world has ever seen. There, to this day, is no hard data that actually can give a corporation a realistic figure for their return on investment for advertising. Infact, its hard to actually prove that advertising even sells your product at all and the best thing we can do is observe buying habits versus ad spending and just presume there's some correlation.

Compounding this problem that has always existed with advertising, we are living in a new age of technology-driven, targeted advertising that runs even more on assumptions and pseudoscience. We actually don't know a whole lot about the algorithms that go into the data-harvesting software currently running on just about every website and in many programs that feature telemetry. We also don't know very much about what data its gathering, and, what's more, we have zero reliable figures on whether or not this data can even be used productively. The scary part is corporations don't know either. They just pay out the ass for the advertising company to market their product and pretty much just hope their software does what it claims to.

That's right, every single aspect of the modern advertising industry may be completely unfounded. People always say the same thing to me too: "They wouldn't put so much money into it if it didn't so something." But, are you sure? How can you think that when there have been countless examples throughout history of financial bubbles where people just invested money into something because other people were investing money into it? A lot of those examples come from the tech industry too.

Advertising is currently one of the most profitable industries on the face of this planet. It accounts for a truly insane amount of money being spent every single year, and it is almost certainly founded on nothing. Its become deeply entagled with the tech industry as well ever since Google led the charge of harvesting user data for advertising purposes. The entire layout, architecture and economy of the modern internet is founded on the assumptions that Big Data makes. If that technology turns out to be useless, or even just less useful than corporations think it is, the entire industry could detonate pretty much over night. A lot of the tech sector services that useless software, and what's more important is a lot of websites fund themselves on ad revenue from programs that use that software and assume it works. This isn't even getting into ad-blocking either, or any of the myriad of other reasons why web advertisements probably don't sell a single product at all.


As much as I hate optimistic types who just stick their heads in the sand and pretend everything will be fine, and infact blame them for always letting this shit get out of control in the first place, I have to admit its hard to blame them at this point. People I've tried to explain things to have something of a mental block in place. Past a certain point they will just refuse to hear it, and its not like they can do anything about it either so there's no point in trying to convince them anyway.

Dilbert: "Marketing is only legal because 90% of the time it doesn't work."

 

[George Lucas]

Its getting there, tiktok its chinktek, xiaomi too, and both work pretty well

Its like how the japs were doing shitty copies in the 40s and 50s, then by the 60s they were getting good, and by the 70s and 80s the burger electronics industry was reduced to dust and cars were getting fucked to death too, only saved by daddy government

The one thing keeping chinktek still down is their own shit working ethic vs the japs and how they even copycat each other. Also the commie government keeping tech down because they fear they will lose control

Also burgers are not as good as they used to, so its less about the chinks getting better and rather burgers lowering the bar

In my country a legit engineer makes less than a creatura de las americas flipping burgers in mcdicks

Your take is retarded and you should delete your account. To compare Chinese engineers with Japanese ones makes it obvious you have never worked with either.

 

[Raoul_Duke]

Your take is retarded and you should delete your account. To compare Chinese engineers with Japanese ones makes it obvious you have never worked with either.

Yeah, Japanese actually take pride in making their own work, improving upon the work of others, and being decent people. There's a lot less benefit for Chinese to do the same.

 

[Darkholme's Dungeon]

Yeah, Japanese actually take pride in making their own work, improving upon the work of others, and being decent people. There's a lot less benefit for Chinese to do the same.

Having limited resources and being geographically isolated tends to do that to you, see: the Swiss.

 

[Meat Target]

 

[The Ugly One]

As an Eastern European techbro (sadly not a unicorn) I can tell you this is absolutely happening. I work for a globehomo tech company on an American project, and besides the leadership everyone on my project is from around the bloc, nobody I know works on a project that's originated in Eastern Europe, our closest clients are the Germans.

I found it weird how when I was hired last summer during the covid lockdowns they would hire 30-40 people per month and brag about this growth, never mind the fact that for the first couple of months I, and probably everyone else alongside me, was doing absolutely nothing because "projects don't start during the summer". It's very likely that the powers that be are preparing to offload a lot of their work to cheapskates like us and they need the manpower. I make an okay middle class income which is nothing compared to American wages, hell even our top level seniors never make it to a "six figure income."

The reason this is happening is decades of easy money flowing into Silicon Valley has created a classic malinvestment problem in software engineers.

Basically the Fed has been printing money, and that money has been flooding into the FAANGs and SV startups. Newly flush with investment cash, these companies started paying top dollar for programmers, because it was trivial to hire away everyone else's top talent when you pay literally double what a legacy software job pays. A level 1 programmer at Netflix, that's somebody straight out of college, makes $200K a year. A senior developer makes almost $500K a year. These unprofitable startups that exist solely to fleece VCs pay similarly crazy salaries, if not quite that high.

So the result is all of these boring legacy companies, all around America--we're talking about people who develop inventory systems for factories or printer drivers or whatever--that need software developers, but aren't exactly on pace to hit a market cap of $100B+ at any time, ever, are competing with Silicon Valley nonsense for developers, and they flat out cannot pay anybody a SV salary. Your senior dev wants $400K to not go to Amazon, and fuck, the division VP doesn't even make that, so, well, shit, I guess that means you lose the guy who knows how all your stuff works.

Now these companies that can't even fill positions for $150K, let alone $300K, are turning to Eastern Europe, hoping to find maybe Poles or Czechs or somebody who can write C++ code who isn't expecting to get paid what a senior executive at a medium-sized company gets.

Realistically, a senior software engineer isn't four times as valuable as a senior mechanical engineer, so the American economy needs some kind of painful snap back to reality. This means a stock market crash, liquidation of lots of these unprofitable tech firms (like the sort Cathie Wood pimps all the time), and prices all across America rising to the point where no, glorified advertising firms aren't orders of magnitude more valuable than everything else, and able to pay 2x-3x what engineers make at normal companies.