The asset bubble mostly affects valuations. The real economy is still producing and consuming, regardless of the weird shit that happened to the money supply be

The asset bubble mostly affects valuations. The real economy is still producing and consuming, regardless of the weird shit that happened to the money supply because of COVID. The dot-com collapse was due to a million startups selling $10 bills for $9. None of the major firms doing layoffs now have that as their core line of business. I can't speak as to what's going on in the startup space.