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We are in a period of historically low interest rates. If and when interest rates rise, these moonshot research startups will get dropped like a hot potato.
by qqqwerty 6y ago
We are in a period of historically low interest rates. If and when interest rates rise, these moonshot research startups will get dropped like a hot potato.
- peacefulhat 6y agoWhy should they rise? Maybe they should stay low if it is so productive.
- vkou 6y agoBecause in addition to funding moonshot project plays, low interest rates also fund a lot of really stupid investments that should never have been funded, and that go belly-up at the first sign of a tightening fiscal market. When too many of those really stupid investments go belly up at once, it's called a bubble popping, and it is catastrophic to the economy.