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The recession talk is delusional. Every economic metric but inflation is in good shape. These people don't know what they're talking about.
by SantalBlush 4y ago
The recession talk is delusional. Every economic metric but inflation is in good shape. These people don't know what they're talking about.
- fullshark 4y agoInflation means interest rates will be up, which is bad news for silicon valley and profitless startups in particular. The economy might be ok (very debatable) but if interest rates stay high and the VCs pump and dump of unprofitable unicorns on the public markets has ended...
- laidoffamazon 4y agoYes, it's not great for lots of business models. But the dotcom boom happened when the effective federal funds rate was much higher than it is now. I think (and perhaps I'm very wrong!) we'll settle back into a 2018, 2017 tech industry minus companies like OpenDoor rather than a early 2021 euphoria