Hey Joseph, great article. It's fascinating how the tech industry weathered through those tough times and bounced back. Looking forward to more insightful reads from Apricitas Economics.
The tech industry has always been decoupled from the broader economy. Only during the recent ZIRP period has there been an appearance of synchronization.
What was the Tech-cession?
I'm pretty sure you've got CA and US as the wrong colors in this chart: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb8053b3-c861-4701-ade9-8e5a77d71889_2886x1843.png
Hey Joseph, great article. It's fascinating how the tech industry weathered through those tough times and bounced back. Looking forward to more insightful reads from Apricitas Economics.
The tech industry has always been decoupled from the broader economy. Only during the recent ZIRP period has there been an appearance of synchronization.
I see that the Telecom sector has done a dramatic slowdown, maybe due to interest rates going up.
What is the effect of interest rates on the tech sector overall?
>>Given that media consumers are disproportionately upper-income white-collar workers
Why is that? I mean, others don't consume media?