I'm not even arguing that growth will continue. I'm arguing that a correction is happening, it's probably a good thing some capital is being wiped out, but we aren't in a scenario where we'll likely see cascading failures across the entire financial system.
If by the end of the year things are 'reset' to ~2019... that sucks for some investors, it sucks for people who got options grants in the last couple years, it might negatively affect the job market some, but it's not doom and gloom. Four years ago was a perfectly workable amount of capital, reasonable valuations, decent salaries, etc.
If by the end of the year things are 'reset' to ~2019... that sucks for some investors, it sucks for people who got options grants in the last couple years, it might negatively affect the job market some, but it's not doom and gloom. Four years ago was a perfectly workable amount of capital, reasonable valuations, decent salaries, etc.