With AI mania driving unprecedented investment in the tech sector, Wall Street punters are racing to get a piece of the gold rush. Speculation on the NASDAQ is
Yeah I want to say the writing was on the wall for the 2008 crisis as early as 2001, but the momentum continued to carry the market upward for years. In 2005, Fed Chairman Alan Greenspan called it “froth.” The bubble peaked in 2006, and it still took all of 2007 for it to really hit, meanwhile there were little pockets of continued growth or at least the drop didn’t hit everywhere all at once. I remember when California was reeling but it seemed like my Midwestern area would be spared the brunt of it — we weren’t.
These things can take a long time to unfold, even when there is a “crash.” And maybe it just slows without crashing.
There’s also the fact that assets merely failing to appreciate, or wages failing to fall, or trade deficits cough tariffs cough, could all be viewed by these talking heads as the effects of, or the putative causes of, a crash.
Yeah I want to say the writing was on the wall for the 2008 crisis as early as 2001, but the momentum continued to carry the market upward for years. In 2005, Fed Chairman Alan Greenspan called it “froth.” The bubble peaked in 2006, and it still took all of 2007 for it to really hit, meanwhile there were little pockets of continued growth or at least the drop didn’t hit everywhere all at once. I remember when California was reeling but it seemed like my Midwestern area would be spared the brunt of it — we weren’t.
These things can take a long time to unfold, even when there is a “crash.” And maybe it just slows without crashing.
It’s froth all the way up and all the way down.
There’s also the fact that assets merely failing to appreciate, or wages failing to fall, or trade deficits cough tariffs cough, could all be viewed by these talking heads as the effects of, or the putative causes of, a crash.