Ask PG: Is there a bubble now? http://news.ycombinator.com/item?id=2232436
http://news.ycombinator.com/item?id=2367132 |
Ask PG: Is there a bubble now? http://news.ycombinator.com/item?id=2232436
http://news.ycombinator.com/item?id=2367132 |
"Boom. Bust. Boom. Bust"
The point is, there's always a bubble, right up until there's a panic and depression. Greenspan's "irrational exuberance" speech was December of 1996 - was there a bubble then? The NASDAQ was at 1200 then; if you rode it all the way to the top, before the bubble burst, you would have quadrupled your money in 4 years. And then even after that, the NASDAQ never went below its December 1996 levels.
I was a part of the first .com bust - but that was different. Technology, # and quality of devs, amount of $ -- all different.
But I cant reall figure out what will happen.
I mean, jesus, we went through the banking thievery debacle - with outright proof of BofA fraud etc... and NOTHING has happened - we are ~10 YEARS into the most expensive war ever* and STILL NOTHING has happened.
MILLIONS have already been foreclosed upon - NO major change in our lives as a whole.
I think we need to STFU about a bubble and keep building, but build shit that IMPROVES the quality of life, wellness and education of people.
SHUT UP AND BUILD.