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thought we were already in a recession

thought we were already in a recession- Grapevine

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Have been hunting for a job for a while. Non tech background and completed mba in 2022. Open to working in sales, marketing and no industry preference as such! 
I keep hearing news that some companies are hiring in bulk and some have hiring freeze. So is this the time to upskill into one of the trendy things or keep looking for a job ?  Advise, experiences and informs about companies hiring is most welcome!

Non tech folks, is the recession and hiring freeze here?

Business Development Manager

When the market will stable , when this layoff period will go away ? Any thought 🤔

When this layoffs time will go away .

Software Engineer

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There are some chatter in the finance and economics circles that 2024 may see a world-wide recession, especially in the west (though it is an election year in the US).

What do you think (or better, know more) about it? Will it be as bad for IT as what we had post-Covid?

Recession by mid 2024?

Germany and many other nations on border line.

Impact on India viners?

UK under recession 💣💣💣

Senior Consultant

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Hello Folks! 
I'm a newbie on this platform, yet trying to put my insights as much as possible. Here to ask people out there who work in IT sector about how is the market going so far and when will this recession get down? To the on-campus and off-campus placed students, how did you manage to get placed even during the recession. Although the placements at our college is still on but only for Non-IT branches. I think the only people who are happy about the recession would be Non-IT people who have less competition and are getting placed at the core companies.

Recession

Alright, we’re clearly moving deeper into a recession 🤯

Corporate Strategist

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- Central Banks have almost achieved their objective of controlling inflation through tightened monetary policy. Though the CPI is inching lower,  asset inflation is resurfacing through stock prices and real estate. 
- Many listed companies that came out with the quarterly numbers are nothing good to talk about. Growth and profits are subdued and for small and mid caps the numbers are decimated but the stocks are still trading at a historical premium. 
- Analysts will once again start downgrading the earnings forecast and that will start the downward momentum. Once again people will undergo the "Flight to Quality" effect. 
- No of Bankruptcies is steadily increasing 
- No of Job openings are trending lower
- Most of the US listed firms that have borrowed at a lower interest rate in 2021 are coming up for renewals this year. By the time they refinance, they will be doing it at a higher interest rate which will impact their PAT as a result their EPS estimates will take a biting. 
- Gold looks attractive from a market cycle standpoint. 

My Recommendation: 
- Have an emergency fund for at least 6 to 9 months to cover your expenses. 
- Exit overvalued small and microcaps stocks. Move to a reasonably valued large cap.
- Have health insurance for you and your dependents. 
- Move out of small cap mutual funds and have some allocation to debt funds. 

Let me know your thoughts. 

I hope 2025 turns out better.

[Must Read] Markets will Correct 📉

Man, not one month of 2024 has completed, and hoping for a good 2025. Tough times!

Consultant

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.

My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets.

Any ideas by others?

[Thread] Why is the Indian Public Market outperforming the US Public Market?

Product Manager

I am in shock that the Canadian PM, in the Canadian Parliament no less has alleged that India has eliminated a khalistani on Canadian soil. 
I still remember the days, when the single greatest attack on the soul of the country took place in Mumbai on 26/11, all we could do was establish backchannel diplomacy with the likes of the US to get Pakistan to 'calm down'. Not a single bullet was fired in return in a nation that perceived our weak national security as par for the course, getting the Congress led UPA that presided over this moment of unparalleled humiliation, a thumping verdict in 2009. That was an India where we would lament the lack of credible retaliation options including Covert Ops. It was often stated that IK Gujral rolled back R&AW operations outside the country as an excuse for our lack. Although, no action was taken to initiate the operations again. NONE. But excuses were ready should failures occur again.

That India of my childhood, seems like a distant past. When URI and Balakot happened, we crossed the LoC and launched Spl Ops to impose rising costs upon Pakistani aggression. Khalistani or old thoroughbred battle hardened Islamic Jihad commanders in Pakistan or PoK are being neutralized, further raising costs to threatening Indian interests. 

This is not the India I grew up in. 2004-14, when we ought to have taken off, came a pauper after the initial global liquidity fuelled growth from 04-07. Congress went on a far left loony socialistic binge, with massive amounts of debt given to Crony Industrialist friends leading to an NPA crisis which led to Private investment paralysis, plummeting growth further, and inflation hitting the skies. 

But now, we are poised for a decade or two of rapid, high quality, solid economic growth. All of these factors combine to bolster our Gross National Power like never before. 

We were supposed to be poor, timid and helpless. We pursued sympathy over strength. But I guess, this is no longer the India we knew of.

This is NOT the India I grew up in

This is not the India I grew up, where there was some trust left between religious communities and people were mostly tolerant of each other. Indian cricket team had a Muslim captain, and now an Indian Muslim fastbowler is facing Internet trolls.  
  
 This is not the India I grew up in where hate mongering was not mainstream and was frowned upon.  
  
  
 This is not the India I grew up in. Democratic institutions were fairly independent and there was no Supreme leader worship among the masses.

Finance Consultant

Co-Founder

Had this thought since long back, but there's one common pattern I have witnessed. 
Since the Twitter layoffs, all the companies out there (including FAANG/MAANG) have joined with the layoffs trend. What's surprising is that most of these companies have had a great financial year and made profits in billions. 
Recession is a time when markets go down and companies can't retain their customers due to economic or socio-political issues. 
So the current situation has made me question whether the layoffs are actually due to this fancy term called 'Recession', which most of the tech influencers out there are preaching and selling thier courses with (shame on them for doing so during these times) or is it actually the VC's control over the companies which is making the CEO's take such decisions?
All things aside, My heart goes out with people who have been impacted by layoffs. Don't forget that there is a thin line between being laid off and being fired, so don't lose your confidence and look out for new opportunities and sell yourself in the market.
Never forget, no matter how the market conditions are, if you are skilled and good at what you do jobs will always find you.

Stay Positive and be strong!

thought we were already in a recession

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