Get ready for a prolonged downturn that’s worse than 2000 or 2008: Sequoia’s Doug Leone

The situation today is more difficult and more challenging than either ’08, which was really a protected financial services crisis, or 2000, which was a protected technology crisis.

Here, we have a global crisis. We have interest rates around the world increasing, consumers globally are starting to run out of money, we have an energy crisis, and then we have all the issues of geopolitical challenges: Doug Leone, Sequoia.

[Via]

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