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Romanov Лайт ]ࣩࣩࣩࣩ࣯ࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩ Telegram | DID YOU KNOW?
In February 2014, the Ukrainian people ousted pro-Russian president Viktor Yanukovych, prompting Russia to invade and annex the Crimean peninsula. By the start of April, Pavel Durov had given his notice, with TechCrunch saying at the time that the CEO had resisted pressure to suppress pages criticizing the Russian government. Now safely in France with his spouse and three of his children, Kliuchnikov scrolls through Telegram to learn about the devastation happening in his home country. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. Founder Pavel Durov says tech is meant to set you free
Romanov Лайт ]ࣩࣩࣩࣩ࣯ࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩࣩ from SG