Good post

>2021 was the first crack. The comps went crazy, half the industry turned over, and the ones who didn't felt a bitter sting where it became blatantly clear that all the new arrivals were just in it for the $$$, and the companies were willing to pay for the backfills but not to reward the loyalty of the missionaries.

Also SVB collapsed in late 2022, notice that AI hype started right after.

Sigh, if it actually collapsed, it would have been fine. Summers saved it depositors before it collapse. I still don't get how that was not a story on a par with 2008 ( or maybe it wasn't because the fallout was avoided ).