Thank god that interest rates are no longer zero, which propped up all kinds of over hyped, half baked crap in the last 20-30 years.
It will take care of hypsters and their proven 'raise gobs of cheap cash on hype and capture market as fast as possible to hide half baked product' strategy.
With falling interest rates it was possible to burn money in a furnace and still show an accounting profit on your operation. That’s how screwed up the incentives were
Comments
Thank god that interest rates are no longer zero, which propped up all kinds of over hyped, half baked crap in the last 20-30 years.
It will take care of hypsters and their proven 'raise gobs of cheap cash on hype and capture market as fast as possible to hide half baked product' strategy.
With falling interest rates it was possible to burn money in a furnace and still show an accounting profit on your operation. That’s how screwed up the incentives were
We about to see who has been swimming naked...