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The Fed is implicitly causing venture capitalists and other capital holders to subsidize the labor market and grow yhe economy. All the gig economy with money-l
by pishpash 7y ago
The Fed is implicitly causing venture capitalists and other capital holders to subsidize the labor market and grow yhe economy. All the gig economy with money-losing companies is basically a private sector jobs program. To assume there is a bubble in assets is assuming things will go back to a high interest-rate environment. That may never happen. We'll just get lower lows, even negative interest rates if there are no money making opportunities.