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Comment by hawk_ | Hacker News Reader

I am curious to see how this plays out with the coming recession (hiring freezes instituted already). I suspect that #3 segment will prove to be ephemeral - a result of fed's QE unlimited regime.

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Booking.com, quoted in the article, is a prime example of what happens when those companies are squeezed. They let a lot of people go in 2020, haphazardly, then they scrambled to re-hire as wheels started falling off their platform. I turned them down despite them offering a good salary bump.

If you look at Google, Apple, Amazon, etc's balance sheets they're quite solid, not really at this point propped up by monetary policy any more.

Fed's balance sheet has barely started contracting. This contraction cycle has a while to play out.

Is there a place we can see a east to understand chart about this?

Here it is straight from the horse's mouth

https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

Look at the Total... chart.

It's not that easy. Lots of Amazon's profits come from countless unprofitable startups blowing VC money on AWS. Google is swimming in money because numerous companies have generous ad budgets. Apple relies on people exchanging their smartphone every year or so because why not.

You cannot expect these things to go unchanged if the Fed stops throwing money around like it's used to. And if it doesn't, a bag of rice will soon cost $1000 because we have an shortage of farm workers and an oversupply of wellness bloggers, influencers and administrators.

I agree with your argument on risk exposure but I think you underestimate how much _cash_ those three companies actually hold. They really stockpilled these past five or so years.

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