Tech Wreck 2.0

Monday, 7 November 2022

The Market Ear does Tech Wreck 2.0.

The (tech) economy is heading off a cliff

“It feels like the economy is heading off a cliff right now. In our larger portfolio of companies I can see the trajectory. After Q1 board meetings 1/3 were missing their numbers and it felt like the ones missing were related to these specific companies, not a macro trend. After Q2 board meetings 2/3 were missing and after Q3 board meetings, like now, the entire portfolio is re-forecasting. Even the best companies are seeing major headwinds. This is an economy wide-slowdown” (David Sachs)

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.