> I feel like the tech bubble is really just an outgrowth of an economic boom; big money rolls in, and needs a place to go This is true, but missing an importa

> I feel like the tech bubble is really just an outgrowth of an economic boom; big money rolls in, and needs a place to go This is true, but missing an important aspect: This is what happens when you have an economic boom that primarily goes to the already-wealthy. When there's an economic boom that goes proportionally (or more) to the middle-class and below, there's no need to figure out where the money should go. It goes to fixing up the house, to paying down debts, to paying rent, to buying new clothes. The only time money "needs a place to go" is when it's coming in to people who already have more than they know what to do with.