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by mtviewdave 3664 days ago
That merely shows the problem with calling every tech boom a "bubble". Technology has been boom-and-bust in the Bay Area for decades, but there was only one bubble: 1996-2000. There have been technology booms since, but there have been no "bubbles" in the Bay Area tech economy since March, 2000.

Recessions, while painful, are much less extreme than bubble-bursts, and can (and should) be planned for.