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A comment on Opendoor is cutting 35% of its employees. Parent comment

Re:Opendoor is cutting 35% of its employees by 0x8BADF00D on Thursday April 16, 2020 @10:51AM (#22889941)
That’s mainly due to irresponsible monetary policy by the Fed. Imagine if the benchmark rate was 10%. A lot of the indebted would default/go bankrupt, but it would also incentivize companies to save and behave fiscally responsible.
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Re:Opendoor is cutting 35% of its employees by outside1234 on Thursday April 16, 2020 @11:40AM (#22890506)
In short order, when inflation takes off, it will be 10%, so we'll get to test that theory.
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Re:Opendoor is cutting 35% of its employees by hef19898 on Thursday April 16, 2020 @11:48AM (#22890597)
If the benchmark was 10% a lot more money would go to more traditional investments. And VC funding would be much lower.
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Re:Opendoor is cutting 35% of its employees by atlantacrackers on Thursday April 16, 2020 @12:12PM (#22890835)
Stated another way, the equity premium over a 10% treasury rate would make VC investment for LPs much much less attractive as an asset class.
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