I definitely agree that there's money swirling around looking for somewhere to go. We're kind of in no-mans-land for political economy punditry on this one --

I definitely agree that there's money swirling around looking for somewhere to go. We're kind of in no-mans-land for political economy punditry on this one -- nobody knows how the hell to explain the current situation, Econ 101 is totally insufficient. I'm inclined to think that with the unemployment rate and stagnant wages for the bottom 80% of income earners, coupled with all this extra money swirling around, we need to find a way to connect the two, ramp up demand, get a positive cycle started that way. No idea how to do that, though. As far as whether there's a software bubble.. I dunno. Maybe there's a VC bubble, because of the aforementioned money, but I think twitter would be getting investment while being unprofitable in most economies that have a facebook to point at.