this post was submitted on 21 Nov 2023
1550 points (99.1% liked)
Technology
59608 readers
3423 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is it and there's another wrinkle driving it IMO which is the end of QE. When rates were at sub-inflation (so basically negative) and investor capital was everywhere, none of these companies really cared about milking the customers because they were already fat and happy milking the government indirectly. Now the government cheese machine has dried up and so now we've gotta get the stock price up a quarter of a point by any means necessary instead.