I was talking to a 25-year-old founder of a med-tech-health-tech startup yesterday who was just calmly eating his lobster roll with no fear or trepidation regarding the coming Fed rate hike. I realized why – the last time The Fed raised interest rates he was only 15. No wonder he was not in a complete panic! He hasn’t witnessed how interest rates affect the startup food chain
Did you play Monopoly over the holiday weekend? The first time I played, I cornered the market on the fancy neighborhoods: Park Place and Boardwalk, that whole corner from Atlantic Avenue through Pennsylvania Avenue. I bought houses and hotels and saw the money come in, and my enemies (my friends and family) crushed, destroyed, and bankrupted.