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Comment by ummonk | Hacker News Reader

Yup. There are plenty of signs for a general economic recession in the US, but tech specifically doesn't seem overvalued in comparison, and we're in a state of anything but irrational exuberance in terms of attitudes towards the tech industry and unprofitable startups.

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>> There are plenty of signs for a general economic recession in the US

Out of curiosity, what "signs" are you referring to?

Economists have warned the recent slowdown experienced by the U.S. economy carries with it "the unmistakable whiff of a recession."

https://www.newsweek.com/economic-recession-2019-us-economy-...

"US recession risk rises as trade tensions with China remain unresolved"

https://www.foxbusiness.com/economy/us-recession-risk-rises-...

"Morgan Stanley says economy is on ‘recession watch’ as bond market flashes warning"

https://www.cnbc.com/2019/05/28/morgan-stanley-says-economy-...

People have been saying this since 2010.

Inverted yield curve, corporate profit margins starting to shrink, cost of hiring going up due to wages hitting rock bottom, and the likelihood of a quick resolution to the trade war becoming less and less likely.

On the flip side, housing prices look strong (though that might have more to do with undersupply than strong demand) and consumer confidence is still high. If one or both of these start dropping, that would be an even bigger indicator that we are close to recession.

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