The great American boom is finally running out of steam, leaving mountains of debt
www.telegraph.co.uk
High borrowing and low personal savings are dashing hopes of an economic soft landing
    • Frank [he/him, he/him]
      ·
      6 months ago

      I wasnt really old enough to follow what we going on, but I think the .com bubble was like this. "get a website! E-commerce! Unlimited weatlh and beauty" and somehow no one stopped to consider that while E-commerce might be convenient, it wasn't going ot create much in the way of new markets. And then in 99 everything crashed and the end of history ended for the first time.

      • footfaults [none/use name]
        ·
        6 months ago

        If anything e-commerce just cannibalized revenue from brick & mortar stores and killed malls. So the tech stocks popped while RIETs got killed

    • SuperZutsuki [they/them]
      ·
      6 months ago

      They just need a new buzzword to keep tech prices from crashing until they find a new buzzword to keep tech prices from crashing until they find a new buzzword