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by wrs 21 days ago
People say this about everyone who calls something a bubble, right up until it pops.
2 comments

Or doesn't.

"The stock market has predicted nine out of the last five recessions." And people who don't put their money where their mouth is? The track record gets so much worse.

So far every single one has popped. The record isn't particularly good for "this time is different".
Not really. Not everything is a bubble. Cloud computing is not a bubble. And screaming “it’s a bubble” 10 times is clinically insane.
there's no prize for predicting 12 of the past 2 bubbles