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Past performance has been fantastic and there is no indication that it will change. BUT, performance goes through boom and bust cycles. It is not unique to the
by mytailorisrich 3y ago
Past performance has been fantastic and there is no indication that it will change.
BUT, performance goes through boom and bust cycles. It is not unique to the tech industry. Hence the ant saves during times of plenty.
New things will pop up and current things will pick up as well. It is cyclic.
The dotcom crash, 9/11, 2008, covid, and that's just since 2000. So when I read that now it is really over I can't help but chuckle a little bit.
- nytesky 3y agoExcept for a brief spike as the Fed tried to coral the housing bubble, we’ve had CRAZY low rates for 20 years. https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS A big part of that was inflation was bottled up by basically outsourcing manufacturing to low labor cost China, but that effect is declining for a variety of reasons. Inflation has been stubborn and even with higher rates the economy is roaring, so higher rates may persist and be a drag on tech employment.
- mytailorisrich 3y agoI think that the claim that interest rates are dragging tech employment down is overblown. Rates were the same or higher during the dotcom boom. I don't think they impact VC that much and companies are still getting massive funding rounds.
- nytesky 3y agoBut dotcom was a bubble.