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Irrationality - Welcome Back to Silicon Valley
- stretchwithme 16y agoWith the Federal Reserve pumping so much liquidity, and with real estate not sucking up all of the money in the world, its only natural that other investment areas that have any chance of an upside are going to get more investment. There are a lot of hedge funds who bet on the housing bubble collapse who've got put their AIG payoffs to work. In other words, what's going on in the valley IS a bubble. If its caused by irrationality, its the irrationality in Washington DC.