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120 points lsharkey602 | 1 comments | | HN request time: 0.211s | source
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honkycat ◴[] No.44423200[source]
It's not AI. We are in a recession caused by fear and instability.

Tech may just be dying in general.

This could finally be the collapse we have been waiting for.

While the US was allowing capitalists to hoard all of the USs excess capital, China was facilitating the development of important industries via central planning.

Look at Intel. The owning class has become so greedy and incompetent. They aren't even running functional companies anymore: just grifting for government money then using that for stock buybacks.

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jibe ◴[] No.44423467[source]
If you are going to call it a collapse of the US, first understand that it is a UK jobs report, and second, the top line number is job growth. Also, why are you waiting for collapse?

year-on-year growth remained positive at +0.49%, marking the third consecutive month of annual improvement and suggesting a slow but steady recovery from the recent market slump.

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1. honkycat ◴[] No.44424221[source]
You're right, things are great in the US market. Totally different.

These are all multi-national corps.