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The economy has been so crappy that people are crossing their fingers and pretending a bubble doesn't exist even though deep down they know it does. After all,
by 9oliYQjP 13y ago
The economy has been so crappy that people are crossing their fingers and pretending a bubble doesn't exist even though deep down they know it does. After all, it can't get any worse, right? It's like people who have terminal cancer and are otherwise rational skeptics who decide to pursue alternative therapy. Hope, even false hope, is a powerful thing.
- mtrimpe 13y agoI think it's the other way around. Because the economy is so crappy money is flowing into the one area which still has the (perceived) possibility of a significant positive return on investment. Unfortunately, like markets tend to do, that's been raising the prices/valuations to levels at which few investors will be actually able to get market beating returns on investment. If I'm right then this market is indeed experiencing an artificially high demand, but the dynamics make it more likely to simply have it dry up eventually rather than having it pop (like a bubble would.)