This so called bubble isn't tech at all. This is the everything bubble caused by excessively low interest rates, held down by the government for inappropriately long periods of times. Sure, 0% may have been justified in the wake of the 2008 crash, for maybe a year or two, but not 10+ years!!
People shouldn't be surprised that SOOO much money is sloshing around looking for increasingly risky returns when interest rates have been 0 for so long. And here we are, at barely 2.5% (far below where it should be) and the fed is already considering rate cuts even though we're in the biggest bull market. This article is doing the world a great disservice by trying to blame the tech industry without even once mentioning the real reason: excessively low interest rates forced on us by the Fed. And it's not just the Fed, other 1st world countries are doing the same thing. They're all following the call of Keynesian economics: Keep the party drunk as long as you can by refilling the punch bowl. By creating every incentive in the world to separate people from their money as quickly as possible in a hopeless attempt to spur money flow, ultimately resulting in increasingly risky investments.
People shouldn't be surprised that SOOO much money is sloshing around looking for increasingly risky returns when interest rates have been 0 for so long. And here we are, at barely 2.5% (far below where it should be) and the fed is already considering rate cuts even though we're in the biggest bull market. This article is doing the world a great disservice by trying to blame the tech industry without even once mentioning the real reason: excessively low interest rates forced on us by the Fed. And it's not just the Fed, other 1st world countries are doing the same thing. They're all following the call of Keynesian economics: Keep the party drunk as long as you can by refilling the punch bowl. By creating every incentive in the world to separate people from their money as quickly as possible in a hopeless attempt to spur money flow, ultimately resulting in increasingly risky investments.