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now that the borrow rate has gone up and dollar has strengthed. they arent competing against 0% inflation so less need to go into risky plays. in some ways this
by PHGamer 2y ago
now that the borrow rate has gone up and dollar has strengthed. they arent competing against 0% inflation so less need to go into risky plays. in some ways this helps the economy because it allows people to focus on what really matters but in other ways a bunch of people who were employed because of low interest rates about about to lose their jobs.
Plus makes month to month operations more expensive with the higher cost of borrowing for companies (which most do now)
- portaouflop 2y ago> allows people to focus on what really matters What really matters is the hardest philosophical question ever posed. But if you mean „quality work“ or „useful products“ I have yet to see evidence. If you mean „shady grift“ or „lying till my ass falls off“ then sure
- flakeoil 2y agoIn this sense I guess "what really matters" is businesses and business models which can survive without free money. Zero interest and money thrown at you by VC's is basically no different than the bad parts of socialism. It just sounds better.
- Rinzler89 2y ago>a bunch of people who were employed because of low interest rates about about to lose their jobs You're making it sound like the alternative would have been for all those people to have been unemployed if those zero interest rates would not have happened. No, the alternative was, as the market is being corrected right now, is these people working in older, more established businesses and economic sectors with steady growth, that are based in reality instead of gaming meme hypergrowth "to the moon" businesses, which are laying them off right now. There's tones of jobs open in the "un-cool" sectors.