4 ms·
It sure looks like during the ZIRP era, tech substantially overhired. Post-ZIRP companies are correcting that (but under the guise of AI).
by mattas 7mo ago
It sure looks like during the ZIRP era, tech substantially overhired. Post-ZIRP companies are correcting that (but under the guise of AI).
- zamadatix 7mo agoTo save some a search: Zero Interest-Rate Policy
- bazmattaz 7mo agoThanks you. Not sure what an acronym was needed for that
- shagie 7mo agoIt's a term that's been used in financial literature for a while. https://en.wikipedia.org/wiki/Zero_interest-rate_policy https://en.wikipedia.org/wiki/Zero_interest-rate_policy > Zero interest-rate policy (ZIRP) is a macroeconomic concept describing conditions with a very low nominal interest rate, such as those in contemporary Japan and in the United States from December 2008 through December 2015 and again from March 2020 until March 2022 amid the COVID-19 pandemic. An article from 2008 https://www.federalreserve.gov/monetarypolicy/files/fomc20081212memo03.pdf https://www.federalreserve.gov/monetarypolicy/files/fomc2008... (ZIRP is used 11 times in the document).