4 ms·
> I’m becoming more and more convinced that they’re preparing for a global recession. The tech industry famously over inflated once before in the original dotc
by DrBazza 4y ago
> I’m becoming more and more convinced that they’re preparing for a global recession.
The tech industry famously over inflated once before in the original dotcom boom. This just seems like another correction.
I don't think the tech industry is big enough to trigger a global recession on its own, but then again, the financial industry have a herd and panic mentality, so perhaps it could trigger a sell-off for no real economic reason.
- SuoDuanDao 4y agoThe recession would be triggered by the end of cheap money we've had since around 2010. The absurd spike in the tech industry's P/E ratios would just be one of the first indicators that situation was getting wonky.