Just sold some tech shares to finance my Nostr-n-Bitcoin habit. They were up over 100% in 5 years and I'm calling a top.
In other, completely unrelated, news
* Nvidia just fell by $279 billion,
* the German economic data suggests that the economy will shrink by 0,1% in 2024,
* but the number of employed is rising, as one full-time employee is replaced by two part-time employees.
Nice move and I remember how people were fomoing over NVIDIA only 1-2 months ago. Awesome pump and dump. I guess their new AI data centres have been fully funded.
As for jobs in Germany. I've noticed the same trend. Been looking all summer to do some bar work but I was either offered ridiculous full-time wage or unappealing part-time. Mostly part-time since the catering industry isn't doing too well either and they're also trying to cut costs where they can. Most of them were just about to recover from the 2020 madness and are now stuck in the economic disaster like everyone else.
Everyone around here is working for the big industrial conglomerates, like Audi, Infineon, Continental, or Bosch and it's layoff and spin-off city, lately.
Engineers are going to be mass-unemployed, again, like back in the 90s.
I'm looking for a remote software job, and it's going middling. Luckily, or running costs are really low and we'll soon be moving into his parents' house, so that we don't have to pay rent, anymore. š„³ Might even be in the new apartment by the end of this month.
I'm so glad that we have no debt and only one car.
Thanks for the solid info!
Similar vibe for the US. The rate cuts definitely don't feel like a bullish fuel, rather a desperate admission of poor economy.
Still, bunch of fluff left to cut in the corporations and big tech.
DeflaciĆ³n?? JAJAJAJAJAJAJAJAJJAJAJAJAJAAš¤£š¤£š¤£š¤£š¤£š¤£
