Big Technology Podcast Will The Fed Blink And Save Tech — With Ranjan Roy
Oct 12, 2022
Ranjan Roy, co-author of the Margins newsletter and a regular contributor to CNBC's Tech Check, dives into the complexities of the Federal Reserve's interest rate policies and their detrimental effects on tech valuations. He discusses the resilience of the labor market amid economic challenges and explores the fierce competition in the short-form video landscape among platforms like TikTok and Instagram. Roy also touches on the intriguing dynamics surrounding Elon Musk's Twitter acquisition and its implications for the tech industry.
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Working Man's Correction
- The market downturn and Fed's rate hikes are creating a "working man's correction."
- This correction deflates tech valuations and may redistribute wealth from billionaires and private equity to workers.
Startup Renaissance
- The current market correction benefits early-stage startups.
- Decreased tech valuations, better talent acquisition, and less competition from big tech acquisitions create opportunities.
Inflation Burp vs. Persistent Inflation
- Some indicators suggest the inflation might be an "inflation burp" rather than a persistent issue.
- Shipping costs, used car prices, and job openings are decreasing, suggesting a potential self-correction.