Seems like the media conglomerates are all chomping at the bit to see interest rates fall. shocked pikachu

The Fed has been clear about this since the beginning - interest rates are their primary mechanism for combating inflation. Since inflation has been persistent, we should not expect rates to come down in the near term, and frankly I don’t think that is a bad thing.

Investors now need to be more careful about where they put their money, since money isn’t free anymore. Yes, this means that the internet is being enshittified, but my hope is that it also means that the services that stick around will find a sustainable business model that consumers will find to be more consistent and reliable.