All global indices are down.

Applicable for tech market for both freshers and experienced.

- Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 'Black Monday' loss, as fears of a U.S. recession sent investors fleeing from risk. - The safe haven yen and Swiss franc surged, as crowded carry trades unravelled, sparking speculation that some investors were unloading profitable trades to cover losses elsewhere. - Japan's benchmark Nikkei average closed 12.40% lower, its largest one-day fall since October 1987, while European shares fell to near six-month lows amid a global selloff in equities. - A weak July payrolls report saw markets price in a high chance of Federal Reserve rate cuts, with futures implying significant cuts in the funds rate this year. - Investors are seeking safe harbours, with the dollar falling against major currencies and gold losing some of its appeal, while oil prices eased on concerns about global energy demand. Source: https://reuters.com/markets/global-markets-wrapup-1-2024-08-04/

Had a chat with a legendary soonicorn founder yesterday evening and his take was that we are definitely not getting another bull run this decade. I obviously think more optimistically and hopefully things will look up soon. What do you all think about this tho?

- India's Q1 GDP growth slowed to 6.7% in the first quarter of FY25, marking the lowest growth in five quarters, down from 7.8% in the previous quarter. - The 6.7% growth is broadly in line with expert estimates but falls short of the RBI's projection of 7.2% for the same period. - The slowdown has been attributed to reduced government spending, likely influenced by election activities and heatwaves. - Industrial production saw a modest increase, with growth at 5.2% compared to 4.7% in the April-June period of 2024. - Despite the slowdown, India's economy is still expected to maintain a growth rate of over 7% for the fourth consecutive year, with Moody's revising the 2024 growth forecast upward to 7.2%. Source: [India Today](https://www.indiatoday.in/business/story/india-gdp-growth-q1fy25-short-of-estimates-key-details-2590913-2024-08-30)

Following wester consumerism blindly is the reason when most DINK couple decides not to have kids. The age old colonial term of "civilising the brown is white man's responsiblity". Let me burst this bubble of ever happy life and not having dependency of kids,they are not investment,etc etc. I wont highlight if its right or wrong here for it lots of post are there. I better highlight what will happen after next 20 30 years as I can learn from west(USA) lifestyle pattern. All these people have kept most of their money in *paper* assets like PF,Bank FD,stocks. Reason for highlighting the word paper will see. As the number of oldies will increase over youngsters. Govt will need more youngsters as economy is worked upon by them. No loan takers,no new consumers. What will happen stock prices will fall,same goes for bank interest ,in worst case you wont be ablw to withdraw your principal even(happening in australia, people have to inform why they are withdarwing cash to bankers). Next for pf: when ww contribute to PF we pay foe the payback of current retired generation or basically we are paying their debt. But due to lack of youngster no one will pay your debt so forget your PF as well. This is how your money bubble of Crores will vanish. There is a term debt to gdp ratio, ever heard? Its the debt taken by govt from future generations to develop current lifestyle. Hence still govt need people to sustain and payback that debt so they will allow illegal immigrants ( what you are seeing in USA and Europe in name of "multicultralism"). And you know what? These rowdy immigrants will fill your city and you will become second class citizen why cause its democracy and majority rules. Noone will protect you leave alone police actually there is no one "left" to protect you( read statements of Canadian police regarding car thefts you will find similarities). Still oldies are there so new experimentation on assisted suicides(Canada is leading the way in current timeframe).

What do you guys think is the reason behind the job market being at its lowest level since past 6-7 months ? (P.s- i made a horrible mistake by joining a cpa outsourcing startup , I'm not been assigned any client for the past one year also they have not given me any kind of training. I'M FUCKING TRAPPED !!)

Everything seems to indicate that this is the beginning of an extended bullrun till the elections. What is the game plan? Personally, I am all in. First time since 2020, that I have a net zero cash position.

We faced a really slow moving job market in Indian IT last financial year. I heard this year it will open some opportunities. It is almost the end of April and I am not getting any calls from the recruiters. FYI, I am a Java backend tech lead, Open for architect position as well. Having 9+ experience entirely in the same technology and in the digital banking domain. I am worried, will the market ever be back to normal like it was pre-covid? Even during lockdown, there was a lot of hiring. What's wrong now? Wars one after another, making uncertainty. I personally feel, during the WFH period they hired people from different cities and made them work together, which worked fine for WFH. Now they're forcing us to work with a team which is not in your office, not even in your city. Now, they don't need to hire people from the same city/location which makes their job easier. They just pick someone from the pool, internal recruitment etc. People are fearing job security so a very few are putting papers, resulting in no vacancies. The market is completely biased towards employers and we can't do anything about it. When will this end?

- You thought the tech industry was your golden ticket, didn't you? Well, think again. The era of 0% interest rates is over, and it's about to get ugly for software engineers in India. - Remember those days when startups were popping up like mushrooms after rain? Those days are gone. With higher interest rates, venture capital is drying up. Good luck finding a job in a new startup. - Think you can negotiate a fat salary package? Dream on. Companies are tightening their belts, and you should be grateful if you even get an offer. - Career growth? Forget about it. Promotions will slow down, and you'll be stuck in the same role for years. Welcome to the new normal. - Performance expectations are skyrocketing. If you can't keep up, you're out. Job security is a thing of the past; it's all about career security now. - The cloud and smartphone revolutions made it easy to launch startups. But now, with higher interest rates, even these innovations can't save you. The tech landscape is shifting, and not in your favor. - The job market is flooded with experienced engineers who have been laid off. If you're a new grad or early-career developer, you're in for a brutal fight. The competition is fierce, and the odds are not in your favor. - Companies are no longer willing to sponsor visas or pay for relocation. If you're dreaming of working abroad, you better have a niche skill set that no one else has. - The days of 'making room' for standout candidates are over. If there's no headcount, there's no job for you. Period. - Attrition rates are dropping, which means fewer job openings. People are clinging to their jobs for dear life, and you should too. - AI and large language models are the new hope for efficiency, but don't hold your breath. The impact is still uncertain, and it won't be a magic bullet for your career woes. - In India, the tech industry is feeling the heat. With fewer jobs and more qualified candidates, it's a buyer's market. Companies can afford to be picky, and you better bring your A-game. - So, what's the takeaway? Brace yourself. The tech industry is no longer the land of milk and honey. It's a battlefield, and only the strongest will survive. Source: [The Pragmatic Engineer](https://newsletter.pragmaticengineer.com/p/zirp-software-engineers)