<story><title>What if your entire worldview was just because of near-zero interest rates?</title><url>https://novum.substack.com/p/what-if-worldview-zero-interest-rates</url></story><parent_chain><item><author>benjaminwootton</author><text>I definetly think a lot of the startup world view is just a function of low rates.&lt;p&gt;Startups could run for decades with $billions in losses and only a passing focus on eventual profits.&lt;p&gt;All of those losses flowed into the bank accounts of big tech (via AWS credits, Google and Facebook Ads).&lt;p&gt;All of the high salaries, employee expectations and leverage in tech startups and big tech derive from that spigot of cheap money.&lt;p&gt;What if it was all just an illusion for a few decades?  It’s going to be a bumpy readjustment when it’s all that most of us have known.</text></item></parent_chain><comment><author>miguelazo</author><text>It has skewed the labor market to an insane degree. So much talent went into idiotic pursuits, and away from anything that had to do with public service.</text></comment>
<story><title>What if your entire worldview was just because of near-zero interest rates?</title><url>https://novum.substack.com/p/what-if-worldview-zero-interest-rates</url></story><parent_chain><item><author>benjaminwootton</author><text>I definetly think a lot of the startup world view is just a function of low rates.&lt;p&gt;Startups could run for decades with $billions in losses and only a passing focus on eventual profits.&lt;p&gt;All of those losses flowed into the bank accounts of big tech (via AWS credits, Google and Facebook Ads).&lt;p&gt;All of the high salaries, employee expectations and leverage in tech startups and big tech derive from that spigot of cheap money.&lt;p&gt;What if it was all just an illusion for a few decades?  It’s going to be a bumpy readjustment when it’s all that most of us have known.</text></item></parent_chain><comment><author>Animats</author><text>&amp;gt; I definitely think a lot of the startup world view is just a function of low rates. Startups could run for decades with $billions in losses and only a passing focus on eventual profits.&lt;p&gt;Yes. Buying growth at a loss is so over.&lt;p&gt;A stock is worth the present value of future dividends.</text></comment>