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We enjoyed 12+ years of cheap capital. Our stock market were largely bubble of tech companies that used this cheap capital to achieve insane market cap. Those
by upupandup 4y ago
We enjoyed 12+ years of cheap capital. Our stock market were largely bubble of tech companies that used this cheap capital to achieve insane market cap.
Those days are over and will not come back for a loooong time. ex) Japan has not reached its 1989 peak and its nearly going into 40 years no sign of stopping.
Globalization is also come to an end and our economy built around cheap capital and Chinese labor is over.
This is the end of cheap goods, cheap travels, and the middle class. I do not want to be here when it gets bad. Just head over to r/vancouver to see people casually blaming their situation on immigration.
- jpadkins 4y agowhat tech companies were using cheap capital to achieve insane market cap? Very few tech companies borrow money. Unless you meant people were buying tech stocks with leverage, which I agree with...
- azemetre 4y agoDoorDash, Lyft, Uber, WeWork, Instacart, Rapid, Coinbase, Robinhood, etc. I mean I feel like I can list another dozen companies that has been using cheap capital of the last decade to establish themselves.
- abdabab 4y agoAnd that’s not just VC money. Often they have borrowed through issuing bonds.
- deleted 4y ago[deleted]
- Der_Einzige 4y agoJapan also has no population growth