People, wake up and smell the coffee. A decade of interest-free money firehosing + demand explosion from COVID is over. The "normal" you cling to with double d

People, wake up and smell the coffee. A decade of interest-free money firehosing + demand explosion from COVID is over. The "normal" you cling to with double digit growth, insanely high salaries and benefits, and budgets of billions to work on stupid stuff that will never ship was never normal, it's an outlier. The overspending needs to be corrected. Markets are stagnant and their auto-growth has stopped. Now that money is expensive and inflation yet still high, it means that whatever you work on needs to have a sky high return on investment, otherwise it's simply setting money on fire. Hence everyone reallocating to AI, the only growth market. Hiking interest rates is a fancy word for planned economic destruction. It's very goal is to reduce demand. It comes with layoffs and cost cutting, as that is the thing that suppresses demand. My point being, if you're still in a well paying job, take it on the chin. This isn't the time. Sit still when being shaven.