The latest VC figures are out (from Pitchbook, see link). It strikes me as strange that the market continues its exhuberance in the face of so much global slowdown.
Is this being driven just by VCs having too much dry powder and nowhere to spend it?
Or do people still think things are going swimmingly economically-speaking? Because I sure don't.
I think we're entering winter, what with trade war in full swing and taking a toll, China entering a potentially long slow-down, HK protests, and general fatigue in the economy following 10 years of expansion.