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You are correct. The FED is not targeting tech workers as implied above; they do not have a granular "toolkit" at their disposal. Although workers in growth ind
by sf_rob 4y ago
You are correct. The FED is not targeting tech workers as implied above; they do not have a granular "toolkit" at their disposal. Although workers in growth industries will be harder hit due to valuations being based on future cash flows.
- alephnerd 4y agoI never implied the Fed is targeting tech. I said rates hikes are used to minimize asset inflation caused by speculation driven by the top 10% of Americans. Tech is just overrepresented in that top 10%.