Anything above 3.25% on the 10-year means a further market crash possibly Nasdaq down 50% so JPow and friends are just hoping inflation fades away before they have to make any hard choices. This economy is addicted to ZIRP and deflation. Inflation would expose the zombie companies to reality and ultimately collapse.
Silicon Valley is full of these worthless companies who only know how to gain market share on negative unit profitably with a business plan to be bought out by the true monopolists.
Silicon Valley is full of these worthless companies who only know how to gain market share on negative unit profitably with a business plan to be bought out by the true monopolists.