‘The Big Short’ investor who predicted the 2008 crash warns the market is ‘underestimating’ the economic impact of DOGE’s mass spending cuts

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The cost-cutting spree isn’t limited to government—billions in private-business contracts are affected, Danny Moses told Fortune.

Because many fired federal employees are educated, they may be looking for traditional knowledge worker jobs that don’t exist at the moment, Stahle said.

Healthcare jobs are currently abundant—good news for about 16% of the federal workforce in health-related fields, according to the Pew Research Center—but many other white-collar jobs, particularly in tech and data science, are scarce.

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump Elon Musk Markets Government spending DOGE Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 18:17:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 848 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 212 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27224863

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 7 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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