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Is this due to the interest rates hikes?
by ChuckNorris89 5y ago
Is this due to the interest rates hikes?
- ZephyrBlu 5y agoWell, the root cause is likely the interest rate hikes but the proximate cause is that the economic environment has become drastically worse in the last ~6-9mo. Tech stocks are down a ridiculous amount and funding for startups is now much harder to come by. Probably other factors I don't know about as well.
- ChuckNorris89 5y ago>Tech stocks are down a ridiculous amount Any idea why that happened? Were they overvalued and the bubble finally burst? For stocks like Netflix I understand why, that's obvious, but for the rest, I'm kinda scratching my head.