According to the New York Times, there are presently 315 “unicorns” in Silicon Valley. Unicorns are companies with valuations of $1 billion or more. As of 2015, there were 131.
For the central-bank obsessed prone to tying the impossibility that is “easy money” to every story of economic progress, the surge of investor interest in technology companies in concert with booming growth in northern California is surely a sign of feverish stimulation from the Federal Reserve. Except that it couldn't be.
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