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Joined 1 year ago
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Cake day: June 29th, 2023

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  • I’ll do my best to explain what I can. But it’s hard, and many PHD dissertations will be written on this. It’s not exactly something that can just be explained.

    But yes, Covid was probably the most easily identifiable source. In addition, you could make a claim that Putins’ moves, the support from Russia to for various “alt-right” groups, and their eventual war in Ukraine (assumedly, aiming for culmination in reuniting the Soviet Union) have an impact. Lastly, we have various AI projects reading “maturity” (or at least public notoriety), and various services realizing they were missing out on a piece of the “AI pie”.

    Covid was… bad. It’s a new, deadly disease that potentially leaves people with life altering side effecs (long covid). The Vaccines are good, if not great even for having been developed so quickly and drastically change your likely outcomes, but they aren’t full immunity (like we have for Polio). This left governments in a dammed now if you don’t support people, or damned later if you do. They all chose various levels of later. Some governments supported businesses directly and left people alone to suffer, others supported people and left businesses mostly alone. Either way: Cash injections into an economy produces inflation.

    Fighting inflation… the most commonly accepted method in the western world is to raise interest rates* and then let it play out. With the loss of cheap money from low interest rates, many businesses are now being pushed by their owners and shareholders from focusing on growth to make profits (eg: Raise prices, crack downs on password sharing, API use).

    There are other claims you could make, and construct narratives with. For a few years now companies have been growing by expanding into growing countries, but now the number of countries left is short, and companies are running out of places to expand into to grow. Once again, as growth becomes impossible or undesirable, the focus shifts to extracting profit from your existing base. We are reaching maximum saturation.

    *Alternatives: If you would like to slash government spending… see Argentina’s inflation (it’s bad), for windfall taxes see Spain (it’s good).








  • Feel like? Maybe not. Accepted? Maybe.

    More often than not now, I find myself having to be the adult in the room. My father recently died, and while my parents both have wills sorted, they didn’t have other things like power of attorney sorted, or a real discussion of what his funeral arrangements he would like. It was not a sudden death. That was a turning point for me.

    I guess that’s where I’m at, I’ve accepted I’m an adult. I’m losing backstops, but also becoming other people’s backstop.








  • Interest rates are rising up globally, to fight global inflation, and the general feeling of a recession.

    This is having several impacts in several ways. Mostly it comes down to VC (venture capital) and lending money being harder to get.

    During the good time VC’s threw the net wide and invested in everything they could, knowing that only a select few would truly pay off. Well, it time for those investments to put up or shut up.

    This is further having an impact on stock market and public companies. Previously potential has been seen as king. Looking for the next big thing, having lots of users etc. Now being actually profitable and surviving is going to be king.

    Think of Tesla as riding this line nearly perfectly (and I’m no Elon fanboy). It rode the potential wave hard, it’s stock price soared, they were the first player in electric cars. They would have an edge on everyone! Then they started plummeting as markets saw the looming interest rates. Then they posted some profitable years, and are soaring again.