Okay, Computer: Private Tech Snaps Back to Reality: Freestylin’ with Rick Heitzmann & Chamath Palihapitiya
RiskReversal Pod
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What Happened in Q4 of 2018?
Back in 2018 it was Fed Chair Powell's first year there and he started raising interest rates right off that zero interest rate bound. The narrative was that China was turning over and so people needed to reestablish some amount of baseline global growth. So all of a sudden the flood gates opened because rates were low here you couldn't find any real growth anywhere. We were at that period of the market where so many people had been sitting on the sidelines and effectively on the outside looking in they ran into the riskiest assets.
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