[cletus]

If history has taught us anything it's that cycles ofboom and bust are inevitable. The lengths of e cycles varies. The degree of the booms and busts varies. Bu the cycle is constant.

It's a fundamental part of human psychology: markets are riven by fear and greed. They overbuy on greed and oversell on fear. There's your cycle.

I'm not predicting the next recession other tbqnthere will be one but guarani more prophetic than saying "it will rain eventually".

The problem is that governments tend to make these things worse and more frequent. Letting banks fail would be q good first step to weeding out the bad participants.

We may not be put of recession but the Internet/VC cycle is closer to the peak (IMHO) than you might otherwise think.