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I was always wondering if another 2008 / lead up to 2008 with irrational exuberance would happen again. It probably couldn't happen again in the real estate ma

I was always wondering if another 2008 / lead up to 2008 with irrational exuberance would happen again. It probably couldn't happen again in the real estate market, but I suppose Gamestop was similar, if not quite as big. The weird thing about 2008 was that everyone kept saying crazy things like "the housing market can't go down" and "this growth is the new normal". This feels similar, and potentially bigger.

conartist6 1y ago
And the people who are saying it are all so deeply invested in each other that very few people have incentives to try to see clearly. Do you remember the day DeepSeek came out? Every. single. stock. took a dive. Yes, I think this situation is even more terrifying than the real estate bubble. Even as amazing as the tech is today, its value is still almost entirely based on promising things it can't deliver, like taking over industries like journalism where ethics and integrity are primary concerns, or even taking over industries like software where the real work, when you get all the way down to the bottom of it, is political organizing