Economic News

[Willy]

The dot com bubble was a bubble, but in hindsight, the general thought that the internet would revolutionize every facet of our economy was correct. It’s just very hard to predict winners and losers at the early stages of revolutionary shifts. Who would have thought that a company that was essentially a clearinghouse for books and CDs in 1999 would become one of the most powerful companies on Earth?

 

[heelinhell]

The dot com bubble was a bubble, but in hindsight, the general thought that the internet would revolutionize every facet of our economy was correct. It’s just very hard to predict winners and losers at the early stages of revolutionary shifts. Who would have thought that a company that was essentially a clearinghouse for books and CDs in 1999 would become one of the most powerful companies on Earth?

It is true that over the long term our economy has recovered from the dot.com and housing bubbles. Heck, we even recovered from the Great Depression.

But many many people suffered in the "short" term. So where are we today ?

Is this a canary in the coal mine ?

'Uh oh': Market crash fears grow as pro-Trump billionaire dumps major stock

Venture capitalist and supporter of President Donald Trump Peter Thiel became the latest billionaire to sell off all of his stock in the tech company Nvidia, according to new reporting Monday, sparking panic that a market “bubble” centered around artificial intelligence may burst at any moment...

www.rawstory.com