[uhhhhhhh]

I remember a vocal group predicting the economic bubbles would burst while pointing to them growing for a while. The only real disagreement was on when not if.

While no one has a crystal ball it was known pre pandemic that bubbles were there and unsustainable and not far from being at bursting levels.

I know many in my circle were talking about when the dominoes would fall and which ones would topple which others in 2020-2022 as the pandemic raged on. The inevitable outcome of the social supports on top of the economic bubbles happening and then both likely ending at similar times was predictable in anyone thinking in longer terms than the next quarter and next fiscal year.

Meanwhile CEOs took advantage of conditions to go on insane M&A deals, hiring sprees and personal project schemes with little framework for any of that succeeding long term, and burning tons of cash with stock buybacks to keep up with the expected growth targets.

Once the 'Bubble' everyone saw about to burst met the realities of the pandemic and costs rippled through supply chains no one should have been surprised. Unfortunately the tech segment is way too much follow the leader/money right now and once the few big names start moving it happens regardless of it being good or bad.

[superwalker]

It’s always when not if though. If you predict a bubble invariably you will eventually be right — in fact the more wrong you are (calling it too early) the more prescient you will appear!