Why 'the free money is gone'
Quote
when interest rates go up. Basically, US Treasuries become more attractive than risky bets, because you have you have US Treasuries paying in specifically treasuries, paying 5%.
Episode 158: Thingamajigger (episode page, opens in a new tab) 00:05:55 (play audio from this timestamp, opens in a new tab)
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Summary
When interest rates rise, US Treasuries paying 5% become more attractive than risky bets, so investors pull capital out of speculative ventures, including money-losing podcast and tech companies.
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Episode 119: Bowl of Noodles (episode page, opens in a new tab) 00:43:29 (play audio from this timestamp, opens in a new tab)
when the central banks drop rates to zero, you can't put your money in a savings account and earning and, and have it just sit there, you can't it's it's fiduciary irresponsibility to do that. So you have to you have to do something with that money in the own. That's where the growth at all costs mindset comes from?
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Episode 119: Bowl of Noodles (episode page, opens in a new tab) 00:44:55 (play audio from this timestamp, opens in a new tab)
All they know to do right now is just trim the fat make cash flow as high as possible, which means getting rid of their people, and just hunker down and wait for the next shoe to drop,
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