Market Mayhem: A Tech Rout That Runs Deeper Than Wall Street The Nasdaq's sharp decline this week is more than just a symptom of a troubled tech sector – it's a harbinger of a larger economic malaise that has been building for months.
The usual suspects are to blame, but scratch beneath the surface and you'll find a more profound issue at play. The End of Easy Money The primary driver behind this week's stock market carnage is the end of easy money.
For years, investors have been fueled by low interest rates and cheap capital, which has artificially inflated valuations across the board.