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I wonder what the impact will be on the share prices of tech companies, especially in the USA. I'm very fond of a hypothesis that goes like this: CEOs get performance related pay for increasing share prices as a measure of their success and improvement of the company. Goodhart's law in full effect, they game it by making wasteful and costly decisions that nonetheless boost share prices so that they can get their own pay boost/not be replaced by shareholders. Companies do odd things like borrowing money (at historically low interest rates.) to buy back their own shares, which pushes up the price. Everyone's happy until something comes along and breaks the illusion. Maybe a recession will shake general confidence, maybe someone will come along and increase interest rates so that the debt taken on at low rates suddenly becomes a problem. If either is correct, it should be fun to watch from the sidelines.