3min chapter

Plain English with Derek Thompson cover image

The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?

Plain English with Derek Thompson

CHAPTER

The Tech Swoon - What's Happening in the Real Economy?

The tech swoon was one of the biggest stories in markets in 2022. It came on the backs of the Fed raising rates as inflation increased. A lot of these companies just overstaffed, and they could probably do with 20% less employees. Salesforce just announced today a 10% layoff and a rule on animal spirits.

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