High interest rates necessitate that tech companies pivot from prioritizing growth to achieving profitability.

“they are really re-prioritizing the value of short-term profits. And that's going to affect how companies get money, the cost of capital, so how much dilution you have to take. So, I think this is what companies are now bearing down for.”

The current US fiscal situation is unsustainable, and without cutting entitlement programs, the country faces an inevitable default or fiscal crisis.

“you can no longer generate enough income from the US economy to fund both the interest payment obligations on the federal debt as well as these entitlement programs and something's got to give either you're going to have to default on the debt or you're going to have to cut the entitlement programs”

Global debt levels are at an unsustainable point, making the future of fiat currencies precarious.

“one of the concerns we have is just the global buildup of debt, which is unsustainable”