This kind of armchair economics is surprisingly popular here, given that HN has a smart community. Sure, the economy is worse right now. But when you say that i

This kind of armchair economics is surprisingly popular here, given that HN has a smart community. Sure, the economy is worse right now. But when you say that it will hurt "once the pension/money-printing funded tech bubble bursts," well, what does that even mean? The Federal Reserve is printing money and handing it to VCs? That's not right, banks have very high borrowing requirements and won't just lend money out freely. [0] Retirees' pensions are going to explode when the bubble pops? Tech stocks only gained 2% last year during a strong year for the S&P 500. [1] Meanwhile, the companies in question are all private, so no pensions should be involved. You have a nice if-then statement going, but the "if" is the ultimate question here. You can't just assume it away. [0] http://www.minneapolisfed.org/bb/ http://www.minneapolisfed.org/bb/ (see December and January Beige Books) [1] http://seekingalpha.com/article/231109-s-p-500-sector-performance-update-and-embedded-expectations http://seekingalpha.com/article/231109-s-p-500-sector-perfor...