Hacker News Reader

> The simple answer would be AI. That’s been the major change in the past year.

What about short term interest rates (in the USA) going from close to 0 to 5 percent over the past 2 years?

Even if you have no debt, your customers might. And your stock returns are being compared to a risk free rate that has increased rapidly.

This is really it right here. Recession fears and large layoffs correlated directly with the raising of rates, as they always do.

It's the hammer the fed knows how to use to fight inflation.

Hopefully this time it won't tip the entire economy into recession, but I feel for all the folks who are being laid off.