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Just because it isn't the same size or type of tech bubble, doesn't mean it's not any sort of bubble. I'm not saying it is a bubble (I haven't done enough resea
by firefoxman1 15y ago
Just because it isn't the same size or type of tech bubble, doesn't mean it's not any sort of bubble. I'm not saying it is a bubble (I haven't done enough research to form an opinion) but you can't look at previous bubbles and declare we currently aren't in one because the circumstances aren't identical.
For a further personal exercise I would recommend reading the first half of "Extraordinary Popular Delusions and the Madness of Crowds" which gives some insight into early economic bubbles. I think the fact that things have changed so much since it was written allows you to easily see the things that don't change, namely the snowball effect of hype (madness of crowds).
Edit: The Tulip Bubble that meric mentioned is in the book. Really insightful stuff.