Hacker News new | ask | show | jobs
by dilyevsky 995 days ago
Because zirp was over
1 comments
ajkjk 994 days ago
What is zirp?
link
jdougan 994 days ago
Zero Interest Rate Policy. Describes the US Federal Reserve interest rates for much of the last 20 years or so. Since interest rate to borrow is near zero, investing in very marginal businesses can be profitable.
link
ajkjk 993 days ago
Oh right. I just didn't know the acronym (and for some reason felt like asking instead of looking it up. Weird.)
link
steveBK123 994 days ago
The end of ZIRP is the reason tech has suddenly found religion on actually needing to make a profit...
link