ID cards are always free. We don’t want anything to stand in the way of families being able to get them.
—Lisa Cullen
Technology has looked like it’s quite immune to the machinations of the Fed but I think people have gotten complacent. The Internet companies are very dependent on a constant flow of venture capital.
We’ve had some uncertainty on the interest rate front for some time and it was more or less confirmed this morning with the PPI report,
It’s really no surprise to see a sell-off. It’s really hard to figure out where the market’s head is at.
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