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In addition to widespread tech worker antipathy, people expect history to rhyme. People know what a tech bubble story sounds like, and they'll buy tickets for t
by natrius 11y ago
In addition to widespread tech worker antipathy, people expect history to rhyme. People know what a tech bubble story sounds like, and they'll buy tickets for the sequel. Eventually everyone will realize that it's not a tech bubble, it's an asset bubble that was intentionally inflated to buy us time to prevent a depression, but we didn't do much with the time.
http://www.federalreserve.gov/newsevents/speech/bernanke20120831a.htm http://www.federalreserve.gov/newsevents/speech/bernanke2012... (Search for "portfolio balance channel," the mechanism by which our monetary policy achieved the stated goal of asset price increases.)
- ASinclair 11y ago> Eventually everyone will realize that it's not a tech bubble, it's an asset bubble that was intentionally inflated to buy us time to prevent a depression, but we didn't do much with the time. Seriously. Overlay the S&P 500 over that graph of "Median valuation of U.S. startups". They look mighty similar.
- abcampbell 11y agoThis just isn't true. You can see the Reuters VC index is up around 300% since the sector got flooded w capital. http://imgur.com/cYSjFRj http://imgur.com/cYSjFRj