Jul 11, 2015

Why no one can reliably predict a tech bubble - San Francisco Chronicle

[...] I’ve come to realize that when it comes to making economic forecasts of any kind, people — even the ones who get paid to make forecasts — really don’t know anything. A bubble occurs when the price of assets, such as real estate or stocks, rises to an unsustainable level that far exceeds the true value. The result is a market correction in which investors rapidly sell those assets, causing...

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