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Comment The end is near (Score 3, Interesting) 54

The only reason there's so much venture capital is that interest rates are near zero and investors are willing to gamble on a better return. Once the Fed returns rates to historically normal levels, money for these dumbass startups will disappear. Same with insane real estate prices. A monthly payment on a million dollar mortgage at 3% interest is a bit over 4 grand, but at historically average rates of 8 to 10% that monthly payment will more than double.

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