My man. Been saying this for two years. It’s that there is no liquidity. Free money is gone. Reality is setting in in a lot of places that people are trying to explain away. We all want the deflation is accelerating narrative to rule all, but still, C.R.E.A.M.

Indeed. And SOFR-IORB has just swung positive again, which is never a good sign for liquidity. I think I'm fading this Bitcoin rally, but am definitely fading the idea that the smoke they're blowing up our asses around Iran actually means the economy's okay. We're only just about to hit the air bubble in the supply chain; the pain hasn't even actually STARTED yet.

I got laid off a month ago. 100% AI. The company had a series F two months prior. VC money wasn't an issue. They expected to become profitable this year too.

I am sorry to hear that, first of all. That sucks. And yes, there are some cases here and there, but it is an incredible small niche. Same goes on the money side. There are some investments here and there but it’s down 95% from 5-8 years ago.

Thanks. Yeah I believe it. My n=1.