Federal Reserve raises rates by 0.75%

Re:Federal Reserve raises rates by 0.75% by cudgy on Thursday June 16, 2022 @01:16AM (#31762642)

Finance has been a glorious, high paid profession for much longer than tech. Tech only became glorious in the mid-late 1990’s and has proven to be a continuation of the corporate raider mentality of eviscerating companies into top-heavy laden enterprises. Basically, “productivity” increases is the manifestation or facade if you will of these ideals.

You may think that it doesn’t matter what the vast population wanted, but the slack in the system has been narrowed so far now that even the last bastion of the Fed cannot bail out the top-heavy institutions much longer.

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Re:Federal Reserve raises rates by 0.75% by ayngg on Thursday June 16, 2022 @01:56AM (#31762843)

I'm not sure what you are arguing, I'm just saying both Tech and Finance are winners in the current globalized economy. I am just talking about how policy happens, and finance and big tech will come out of this fine or at least better than the general public, they are hoarding cash right now and retail is left bagholding all the way down like always and will be affected more by inflation and other knock on effects.

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