It is a bubble only if there is an inevitable bursting to be had at a large scale. You see segments of the economy having micro crashes and correcting so I am not sure. Mass psychology has also changed since '08 smartphones and the internet have evolved a lot.
Look at evergrande in China, almost if not bigger than the lehman brothers' crash but China self regulated it. Same with COVID and stimulus. Retail investors are now more powerful too.
Look at evergrande in China, almost if not bigger than the lehman brothers' crash but China self regulated it. Same with COVID and stimulus. Retail investors are now more powerful too.