4 ms·
Ok, what? 70% of that article are just quotes, and the other 30% is divided into two comments. One doesn't mention the .com bubble at all but brings up the mort
by yan 16y ago
Ok, what? 70% of that article are just quotes, and the other 30% is divided into two comments. One doesn't mention the .com bubble at all but brings up the mortgage bubble (why?), and the second just talks quantities. Both however, share awful similes.
- joe_the_user 16y agoThe first comment is a little obscurely done. I think it's implication is just because you don't have people saying productivity is going up fabulously doesn't mean you don't have a bubble. With second quote, I think I remember Alan Greenspan saying that the mortgage bubble wasn't one because it involve "a lot of local markets" so reasoning is "just because you have a very local phenomena doesn't mean you don't have a bubble". The other point is that when you investment banks falling over themselves to buy VC and when have Milner making a blanket investment in every Ycombinator, you again have blind investment. I don't know if all of this is true, just raveling his cryptic comments. As bubbles go, one thing that comforts me is both the dot-com and the mortgage bubble show that bubble need to reach a fair percentage of the whole economy in order to truly die. So if this is a bubble, we've got some time ;->