4 ms·
This feels a lot like 1995 or 1996 to me. Me too. Ergo it could produce another bubble. But here's why I'm doubtful: 1. Wild prediction: our free money era wi
by davidmathers 16y ago
This feels a lot like 1995 or 1996 to me.
Me too. Ergo it could produce another bubble. But here's why I'm doubtful:
1. Wild prediction: our free money era will be over in 3 years. Last time the money got cheaper as the bubble got bigger, due to the fear of Y2K.
2. No thundering herd of new retail investors. And it wasn't just that etrade and datek opened up the stock market to thousands of novices. They were novices who had watched the market rise for decades and never really go down.
- nostrademons 16y agoThe Fed's the giant wildcard today. Bernanke claims that he has a plan to mop up the excess liquidity in the market. If he starts tightening, I'd predict a sharp double-dip (like 81-82), followed by sustained 80s-style prosperity. If he doesn't tighten or tightens too late, I think we'll get another bubble like the late 90s.
- chailatte 16y agoNope. 4 MONTHS. Look at the price of gas. Last time it was this high, it was february of 2008. In 4 months, gas shot up to its peak, and we all know what happened right after that. Second dip is coming. Lots of layoffs, even in tech industry.
- davidmathers 16y agoSorry, I don't understand your message. What's going to happen in 4 months?
- mkramlich 16y agothe end of the world dogs and cats living together the coming of Gozer
- deleted 16y ago[deleted]