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by nostrademons 2897 days ago
Interestingly, I haven't seen that irrational exuberance about the economy as a whole in a long time. Perhaps for specific sectors, like mobile in 2013 or Bitcoin last December (both of which turned out to be market tops). But in general people seem incredibly pessimistic today, with none of the optimism about everything that characterized the late 90s or even the Web 2.0 boomlet from 2005-2007. People have been predicting a (further) financial crash since the bottom of the market in 2009.

I wonder if that's a sign that the current boom still has a while to go.

1 comments

Post 2008 has been very odd. The post recession growth phase was more like becoming bored of too long a bust than actual growth as seen previously. Some areas and sectors barely seem out of recession even now. Especially with the added pressure brought by austerity. In a lot of ways we don't yet seem done with the causes of 2008.

The top could be much harder to find without hindsight. :)