Was it really Russia’s invasion, or just because the interest rates went up to prevent too much inflation after the COVID stimulus packages? Hard to imagine Russia had that much demand for software compared to the rest of the world.
Inflation went up due to the knock-on effects of the sanctions. Specifically prices for oil and gas skyrocketed.
And since everything runs on oil and gas, all prices skyrocketed.
Covid stimulus packages had nothing to do with that, especially in 2023, 2024 and 2025, when there were no COVID stimulus packages, yet the inflation was much higher than at any time during COVID.
Surely it is not too much to ask that people remember what year stuff happened in, especially if we are talking about things that happened just 2 years ago.
Yes I read what you wrote - most of it makes sense. I guess I never associated the interest rates going up with Ukraine, I always thought they were a response to the economy slowly getting better and worries of inflation caused by the 2020-2021 stimulus packages. Aka Biden was trying to prevent excessive inflation as the stimulus packages bore fruit (which obviously didn’t work). But I do remember the interest rates being one of the big drivers of the layoffs once the tech companies no longer had near-infinite near-interest-free capital.
Was it really Russia’s invasion, or just because the interest rates went up to prevent too much inflation after the COVID stimulus packages? Hard to imagine Russia had that much demand for software compared to the rest of the world.
Did you not read what I wrote?
Inflation went up due to the knock-on effects of the sanctions. Specifically prices for oil and gas skyrocketed.
And since everything runs on oil and gas, all prices skyrocketed.
Covid stimulus packages had nothing to do with that, especially in 2023, 2024 and 2025, when there were no COVID stimulus packages, yet the inflation was much higher than at any time during COVID.
Surely it is not too much to ask that people remember what year stuff happened in, especially if we are talking about things that happened just 2 years ago.
Yes I read what you wrote - most of it makes sense. I guess I never associated the interest rates going up with Ukraine, I always thought they were a response to the economy slowly getting better and worries of inflation caused by the 2020-2021 stimulus packages. Aka Biden was trying to prevent excessive inflation as the stimulus packages bore fruit (which obviously didn’t work). But I do remember the interest rates being one of the big drivers of the layoffs once the tech companies no longer had near-infinite near-interest-free capital.