Tech People Don’t Know What’s Going to Happen Either

In the fall of 2022, the inflation rate peaked at more than 9%: At the time a recession was a foregone conclusion: It was a ‘when’ not an ‘if’ as far as most people were concerned. The stock market bottomed in October 2022 with the S&P 500 in a 25% drawdown and the Nasdaq 100 more than 35% off all-time highs. Inflation was showing no signs of slowing down. The very next month OpenAI released ...