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The tide might lose steam if Biden wins the election. Though I doubt there will be any carnage similar to the dot com bust. For one, interest rates are super lo
by deepGem 6y ago
The tide might lose steam if Biden wins the election. Though I doubt there will be any carnage similar to the dot com bust. For one, interest rates are super low and I don't see them rising anytime soon, even if the Fed raises rates, the ceiling will be around 3-4%.
The Covid induced tech euphoria might die down but I am willing to wager that won't be the case. People's habits once changed are very hard to fall back, especially when the new habits have a net positive economic impact. Time saved in commuting, air travel etc. The events industry might totally die down though. So there will be some negative impact as well. Other than these specific verticals such as events and tourism, I bet the market will favour tech innovations now more than ever.
So yeah, this is probably the right time for any tech company to go public, not just those with mediocre metrics.
- shuntress 6y agoFunny, if you just re-write your post with the opposite points, it reads exactly the same and has the same apparent merit.: The tide won't lose steam if Biden wins the election. Though there will be carnage similar to the dot com bust. For one, interest rates are super low but will rise sometime soon, when the Fed raises rates at least 3-4%. The Covid induced tech euphoria might die down and I am willing to wager that will be the case. People's habits once changed may change again, especially when the new habits have a net positive economic impact. Time saved in commuting, air travel etc. The events industry might totally boom though. So there will be some positive impact as well. Other than these specific verticals such as events and tourism, I bet the market will sour on tech innovations now more than ever. So yeah, this is probably the right time for any tech company to go public, not just those with mediocre metrics.
- somebodythere 6y agoWe didn't manage to raise rates to 2.5% in the longest economic expansion of modern history and you are thinking that they will be hitting 3-4% "soon"?
- AsyncAwait 6y ago> The tide might lose steam if Biden wins the election. Are you suggesting Biden will increase corporate taxes? Because if so, I seriously doubt it. Biden agrees with Trump on 70% of the issues if not more.
- deepGem 6y agoYep, in addition to increasing corporate taxes to 28%, Biden's plan is to ensure that corporations will pay at least a minimum tax, regardless of all the deductions they can avail. https://in.news.yahoo.com/joe-bidens-tax-plan-may-wallop-the-stock-market-heres-one-disturbing-estimate-173751982.html https://in.news.yahoo.com/joe-bidens-tax-plan-may-wallop-the...
- AsyncAwait 6y agoYeah, except Biden is a moderate Republican, so I doubt it. It's a neat primary rhetoric for sure.
- NortySpock 6y agoHe's listed as a Democrat, though he may be to the right of where you personally want him to be. Let's not confuse the issue.
- AsyncAwait 6y agoDPRK is named as democratic too, is it? Is it shocking to me how many people take what people name themselves at face value. If I put F1 driver on my badge does that make me one? Obama even admitted to basically being a moderate Republican from the 80s[1], is just that the Republicans have moved so far to the right that what they used to be in the 80s is now seen as on the left. I know there's this perception of left being everywhere, but in reality it's just a bunch of college students being boosted by Jordan Peterson for his own benefit. The actual politics of the U.S. have been moving further and further to the right for decades now. 1 - https://www.youtube.com/watch?v=677elaGIsKU https://www.youtube.com/watch?v=677elaGIsKU