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Jan 2, 2015

by FactsAreUseless
I don't really know anything about economics but it's been about ten years since the last economic collapse in the US and it was less than that between the tech collapse and the housing collapse. What was before that, was it the savings and loan thing? Anyway, we are on the verge of another housing bubble collapse and another tech bubble bursting, plus the zillion dollars of student loan debt.

Are there more bubbles in recent history or is this normal? Is it a symptom of late stage capitalism?

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Jan 2, 2015

by FactsAreUseless

Don't derail my thread bradley

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Jan 2, 2015

by FactsAreUseless

Nebakenezzer posted:

Yes

The 0.1% have so much money that anytime an investment comes along with better than interest returns immense amounts of money come sloshing in, distorting and inflating a bubble

Investment houses make money as they are the gatekeepers for this sorta investment, and they can use their unique privileged position to "manage" the bubble

Matt Tabbiti (sp?) likened it to taking bets as to when a watermelon tossed out of a 40 story window will hit the ground

Do you have a link to the Taibbi piece?

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Jan 2, 2015

by FactsAreUseless

shovelbum posted:

Why are we assuming tech is a bubble again

Why are we assuming tech is a Bubble again, I ask, laughing nervously from the mancave (that's what we call the IT office)

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Jan 2, 2015

by FactsAreUseless

LinYutang posted:

the idea that there is a tech bubble is a combination of wishful thinking and resentment

Can you please make more than a drive-by shitpost (use a period, Jebus Christ Dave) or at least show us your credentials as an Economist reporter?

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