Dear frontrunners,
Today let’s take a step back and assess the broader economic uncertainty surrounding us. This will serve as the foundation for a subsequent analysis to be published related to corporate valuations and the hemorrhaging of cash seen in private firms in web3 and technology.
Depending on where you source your news, there is no limit to the amount of FUD we’re collectively experiencing:
- Hyperinflation and claims of debasement of the US Dollar
- SEC regulatory overhead killing crypto innovation in the United States and beyond
- AI displacing a generation of people and industries
- An impending “great financial crisis” off the back of multiple regional bank failures
- A hawkish fed committed to keeping funding rates “higher for longer.”
- A potential US government default as a result of political grandstanding and unwillingness to work together for the greater good of Americans
It goes on and on, but you get the idea. For today’s companies and the consumers they serve, we are entering a stage I jokingly call the economic triangle of death:
