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>> This bubble is bound to burst. Ok, well I guess that settles it! A bubble exists when enough people decide that it exists (and it seems that many people hav
by downandout 11y ago
>> This bubble is bound to burst.
Ok, well I guess that settles it!
A bubble exists when enough people decide that it exists (and it seems that many people have decided this [1]). The mere existence of this article and the thousands like it that have been written recently are setting the stage for it. It probably won't begin to pop until the fed raises rates (likely starting next month), but it appears inevitable that a major slowdown in tech funding will occur this year. It's highly likely that a fair number of engineers are going to be unemployed by the end of the year.
[1] http://www.google.com/trends/explore#q=%22tech%20bubble%22 http://www.google.com/trends/explore#q=%22tech%20bubble%22