Yes I read what you wrote - most of it makes sense. I guess I never associated the interest rates going up with Ukraine, I always thought they were a response to the economy slowly getting better and worries of inflation caused by the 2020-2021 stimulus packages. Aka Biden was trying to prevent excessive inflation as the stimulus packages bore fruit (which obviously didn’t work). But I do remember the interest rates being one of the big drivers of the layoffs once the tech companies no longer had near-infinite near-interest-free capital.
Yes I read what you wrote - most of it makes sense. I guess I never associated the interest rates going up with Ukraine, I always thought they were a response to the economy slowly getting better and worries of inflation caused by the 2020-2021 stimulus packages. Aka Biden was trying to prevent excessive inflation as the stimulus packages bore fruit (which obviously didn’t work). But I do remember the interest rates being one of the big drivers of the layoffs once the tech companies no longer had near-infinite near-interest-free capital.