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by vkou
1214 days ago
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You're not missing anything. The Fed is on record that the economy is doing great, unemployment in the economy as a whole is non-existent, so it's going to continue raising interest rates. When your CEO tells you that we're in a tough economic climate, what she's actually saying is that we're in a tough monetary policy climate. The economy is (currently) fine. Expect the pain in tech to get worse, much worse, before it gets better. ------ PS. Facebook is on round 2 of layoffs. |
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Not quite yet, but certainly by mid-April.