[newacct23]

The 2008 bubble was caused by fraud, what is the current bubble caused by? Most people are saying we are in a bubble because all of these companies that are making 0 dollars are worth extremely large amounts of money. Everybody is aware that these companies aren't making money however and still believe the company is worth an insane amount of money.

If everyone is willfully deluding themselves and see nothing wrong with it, for what reason do we believe that it will change in the future and that the bubble will pop? And the current situation is different from the 2008 crash in that people know what they are buying into, companies that don't make money, and they don't care.

[kaonashi]

Why do bubbles collapse at all?

When valuation changes cause widespread insolvency, imo.

That was possible in 2008 because household debt levels combined with the subprime scams create underwater households that could no longer keep up with payments.

Who would become insolvent when tech stock valuations change?