> I personally predict that a year from now, a lot of companies (especially ones in the tech sector fueled by immense amounts of cheap debt and the assumption a

> I personally predict that a year from now, a lot of companies (especially ones in the tech sector fueled by immense amounts of cheap debt and the assumption ad revenue always goes up) will collapse. That is likely the wrong prediction. The thing to be worried about is stuff like commercial real estate and all the vacancies in places like downtown SF and Portland (plus Mall vacancies and everything else--other than self-storage of course). Those vacancies are currently being floated on cheap debt and rolling that over is going to get much more expensive. But it takes time to push a business into insolvency, so the delay you cite is certainly real. That can rollover into a financial crisis via CMBS. I doubt that this recession will be primarily about tech, although it might hit tech harder than 2008 did. I doubt it changes anything fundamentally about the tech sector though other than clearing out some unsustainable companies with high debt-to-equity ratios.