Econometrics has always had better hiring stats than other econ subdisciplines, and historically, most Econ adjacent jobs were largely data cleansing, analysis, and benchmarking.
On the other hand, math, statistics, and coding is hard, and a large portion of Econ undergrads (primarily at non-target programs) lacked the wherewithal or ability to tackle Baby Rudin or a data structures class. In a lot of cases, their professors themselves lacked significant mathematical or econometrics sophistication.
What ended up happening was a glut of Econ majors who lacked the skills that were in demand in the Econ space (anything econometrics adjacent).
Now that Data Science as an undergrad disciple has arisen, a number of jobs that historically would have hired an Econ major even if they lacked some technical sophistication have switched to hiring Data Science majors. Additionally, Econ majors who had significant maths/stats/cs backgrounds usually ended up double majoring or minoring in those disciplines already.
And finally, at the top Econ undergrad programs, departments had already been extremely adamant about requiring their students to build maths/stats/cs sophistication beyond being a Stata monkey.
The fact that even undergrad Government majors at Harvard are expected to do statistical modelling at the statistics major level, and often take CS109 as well highlights how deeply computational the social science has become, and a large portion of undergrads just aren't cut out for that.
To paraphrase my friend: If you as an Econ undergrad cannot tackle Baby Rudin by your senior year, you have no employable future aside maybe law school, which itself is an increasingly losing proposition. You most likely won't do real analysis at the Baby Rudin level on a daily basis (if ever), but it's a positive signal about your mathematical and computational ability.
That said, CS/CE/EECS grads shouldn't be high and mighty either. I've seen programs in the US increasingly make core classes like circuits, computer architecture, data structures, OS, systems programming, and even algorithms beyond discrete structures optional.
The ideal of democratizing education is great, but should not come at the expense of foundational knowledge.
Where to Go as the US Exceptionalism Trade Ends - https://www.bloomberg.com/news/newsletters/2025-06-06/where-... | https://archive.today/PSw9B - June 6th, 2025
Remaking the World Through Exiting US Stocks - https://www.bloomberg.com/opinion/articles/2025-03-19/remaki... | https://archive.today/YqD5M - March 19th, 2025
Did capital outflows from the U.S. already start? - https://globalecon.substack.com/p/did-capital-outflows-from-... - March 17th, 2025
As such, we have nowhere else to park other than the US, though there is an opportunity for opportunistic hedging.
Furthermore, the articles you yourself provided are either marketing collateral for emerging markets stock (JPM) or opinion pieces by asset managers trying to vouch for their case.
Monkey see, monkey do.
Makes perfect sense, and fits right into my prediction of a large market crash within the next 2-3 years.
Short BLK.
[0] - https://www.reuters.com/business/us-equity-funds-see-weekly-...
For example, today, Jerome Powell just got indited. Its pretty clear that end of central bank independence is coming. Remember, higher up execs dgaf if US economy fails, they have their money bags. Once 2026 elections get cancelled and US goes full fascist, you are gonna see the shitstorm happen real time. On top of that, if US is in Tumroil, China will most likely invade Taiwan, since NATO wouldn't be able to respond, and bye bye all the stock market gains.
Save this comment if you think im being extremely hyperbolic, and make sure to read it again in 2 years.
If you chose to remain optimistic, thats your decision.
It's a employer's market now and new grads in a number of disciples are increasingly underprepared aside from a handful of target programs.
Furthermore, most companies can limit hiring to at most 15 target programs nationally and maybe 3-4 local programs and get by.
For example, a program like UIUC graduates around 1200 CS and CE majors a year from a program with a 4-6% acceptance rate. Just limiting hiring only to UIUC undergrads who pass hiring standards would be enough to fill an entire new grad class. Same with UMich (~1.5k CS/CE undergrads a year), Cal (~1k CS/EECS undergrads a year), and a handful of other target programs.
And if we feel those candidates are overpriced, we can arbitrage talent globally if needed.
I've mentioned this multiple times on HN as well.
Furthermore, the Econ hiring crisis has been going on for a decade.
The stock market (which determines overall hiring) is propped up by large cap Tech, which is currently riding on AI, which is currently riding on TSMC.
US politically is going down the drain. Its a fuse that can only be extinguished by Trumps health issues. China knows this, and is already doing preparations to invade Taiwan should US significantly weaken.
Every other metric that you are see is secondary to this. Big tech hired like crazy during pandemic to grow for cheap cost, and then fired a whole bunch of people later. Companies dgaf about standards, they can essentially brute force stuff with enough headcount and higher salaries.
And now, everyone is watching and waiting to see what will happen.
Let me red pill you bro.
Politics, just like pro wrestling--and everything else today--is FAKE, SCRIPTED, and AI GENERATED.
Has been for a LONG time. Ever since before you can remember. IT'S ALL FAKE.
Just like a movie or other cinematic or TV production--or a magic show--it's all about manipulating people to think a certain way. That's the entire game, and it goes very deep. They're all actors, reading from the same script, working toward the same end.
This includes all figures such as Trump, Xi, Putin as well, though it may be hard to understand how that's possible--but they are in fact reading from the same script written by the same people, for the same purpose.
China will not invade Taiwan in the near future. That's coming, but it's many years off. Learn the script, and you will know this and much more. The purpose of all that noise is to cause you to react how you did. Notice how everyone started repeating that idea all at once? Pay attention when the herd all of a sudden starts moving in a new direction, repeating the same taglines; who told them to do that?
You seem to halfway have a clue, but the road to truth through the forest of lies is long and tortuous and everyone needs a helping hand. Just remember IT'S ALL FAKE AND SCRIPTED. Trust nobody and nothing you're told--especially when it's what you want to hear.
When they tell you all foreign investment is pulling out of the United States, what effect does that have? How does it cause you to react? That reaction is exactly what's desired by those who write and publish those headlines, across all media everywhere.
Political instability is annoying, but most funds are well diversified beyond mega-cap tech and our LPs don't have anywhere else to park capital. There is some opportunistic geopolitical hedging, but it isn't enough to tip the scales.
For example, in my specific segment of the industry (cybersecurity/DefenseTech), we continued to operate as normal in Israel despite having missiles rain down from across the Middle East, a couple attempted suicide bombings near our TLV office, and employees of our portfolio companies and in some cases our founders being deployed.
> Companies dgaf about standards, they can essentially brute force stuff with enough headcount and higher salaries
We did back when I was in BigTech before I entered PE/VC a couple years ago, and it still matters at the companies that I'm a board member or advisor for.
> And now, everyone is watching and waiting to see what will happen
Partially. A lot of diversification was already done.
> US politically is going down the drain. Its a fuse that can only be extinguished by Trumps health issues. China knows this, and is already doing preparations to invade Taiwan should US significantly weaken
In that hypothetical, where else do we go? In such a world, the EU+UK is likely to see a military confrontation with Russia in the 2028-30 timeframe, China is out of the picture, Japan/SK/Aus would be dragged into conflict, India is likely to see a military confrontation with Pakistan or China by 2035, and the Gulf would re-ignite.