3 ms·
Markets can only go up so of course! /sarcasm We have lived through a few generations of unprecedented economic growth on a global scale. This has wildly skewe
by time_to_smile 4y ago
Markets can only go up so of course! /sarcasm
We have lived through a few generations of unprecedented economic growth on a global scale. This has wildly skewed our assessment of market performance and its long term behavior.
It is widely understood that such growth is not sustainable, and we are, on a civilization level scale, increasingly bumping into the limits of growth. It is entirely possible that at some point we will enter an inflection point and have unprecedented periods of decline.
Especially in Tech we're overly used to the "inevitable" boom being larger than whatever crash has happened before.
However we never really solved the core problems of the 2008 crash, and have been increasingly propping up our entire economy systems with more and more debt. The only way this can be sustained long terms is limitless exponential growth, otherwise you cannot manage those debts.
- TylerE 4y agoA lot of the bigger tech companies are approaching, if not at, worldwide saturation.