Published November 4, 2022
Stock investors had a bit of a panic attack this week. The Fed Chair Jerome Powell continued hammering markets with his inflation-fighting warrior pose, a pose that most all market-watchers now agree he was late in adopting. Powell is making up for lost time, of course, by ratcheting up interest rates at a breakneck pace. The sudden acceleration has been a very cold shower for some business processes with private equity and venture capital investors reducing their activity by a third or more in the most recent quarter. (more…)
