> produce the illusion of growth and future cash flow in this bubblified environment.
I was ranting about this to my friends; Wallstreet is now banking on Tech firms to produce the illusion of growth and returns, rather than repackaging and selling subprime mortgages.
The tech sector seems to have a never ending supply of things to spur investment and growth: cloud computing, saas, mobile, social media, IoT, crypto, Metaverse, and now AI.
Some useful, some not so much.
Tech firms have a lot of pressure to produce growth, it's filled with very smart people, and wields influence on public policy. The flip side is the mortage crisis, at least before it collapsed, got more Americans into home ownership (even if they weren't ready for it). I'm not sure the tech sectors meteoric rise has been as helpful (sentiment of locals in US tech hubs suggests a overall feeling of dissatisfaction with tech)
I was ranting about this to my friends; Wallstreet is now banking on Tech firms to produce the illusion of growth and returns, rather than repackaging and selling subprime mortgages.
The tech sector seems to have a never ending supply of things to spur investment and growth: cloud computing, saas, mobile, social media, IoT, crypto, Metaverse, and now AI.
Some useful, some not so much.
Tech firms have a lot of pressure to produce growth, it's filled with very smart people, and wields influence on public policy. The flip side is the mortage crisis, at least before it collapsed, got more Americans into home ownership (even if they weren't ready for it). I'm not sure the tech sectors meteoric rise has been as helpful (sentiment of locals in US tech hubs suggests a overall feeling of dissatisfaction with tech)