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Joined 2 years ago
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Cake day: December 13th, 2023

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  • Yes I read what you wrote - most of it makes sense. I guess I never associated the interest rates going up with Ukraine, I always thought they were a response to the economy slowly getting better and worries of inflation caused by the 2020-2021 stimulus packages. Aka Biden was trying to prevent excessive inflation as the stimulus packages bore fruit (which obviously didn’t work). But I do remember the interest rates being one of the big drivers of the layoffs once the tech companies no longer had near-infinite near-interest-free capital.


















  • To be fair, California is kind of dysfunctional and constantly trips over its own regulations when trying to get anything built. For instance, needing excessive environmental impact review for things like trains that will obviously help the environment, or limiting ferry boats crossing the bay to protect the environment even though it likely results in more people driving instead.