US Tech Bubble go Pop!

[sufi]

The longer a trend lasts, the more confident investors get, and the more indiscriminately they buy into the mania. In the late stages of a bubble, prices typically go parabolic, and over the past six months US stock prices have outgained others by the widest margin for any comparable period in at least a quarter century. When flying in such thin air, it doesn’t take much to stall the engines. All the classic signs of extreme prices, valuations and sentiment suggest the end is near. It’s time to bet against “American exceptionalism”.

 

[sufi]

I didnt write that this guy did https://archive.is/20241216051400/h...4-ac25-7b4abcbb0bbe#selection-2499.0-2499.538

 

[luka]

I think it's more likely that Europe slips ever deeper into genteel poverty from having zero tech companies

 

[shakahislop]

it's mad how much the US has pulled away from europe in terms of how rich people are . culture is taking time to catch up to the new reality

 

[yyaldrin]

are americans really that rich though?

 

[shakahislop]

i mean who the fuck knows. how do you have a conversation about this which isn't boring look at these graphs look at these gdp per capita measures lets compare the uk to mississipi oh but the healthcare how do you deduct that coz the premiums are so high yeah but compare these salaries oh but there's real poverty in america oh but there's real poverty in the uk as well don't you know yeah but they don't get holiday

 

[shakahislop]

from what i can see though the answer is yes they kind of are

 

[shakahislop]

apart from the ones that aren't obviously

 

[luka]

They're often giving me £50 for some doggeral that took 90 seconds to write nowadays

 

[Corpsey]

it's mad how much the US has pulled away from europe in terms of how rich rich people are . culture is taking time to catch up to the new reality

 

[shakahislop]

yeah sort of i mean that's part of it isn't it. it's not the only thing that's going on but that is one aspect of it. rich americans are really rich. but there's more to it

 

[yyaldrin]

i mean who the fuck knows. how do you have a conversation about this which isn't boring look at these graphs look at these gdp per capita measures lets compare the uk to mississipi oh but the healthcare how do you deduct that coz the premiums are so high yeah but compare these salaries oh but there's real poverty in america oh but there's real poverty in the uk as well don't you know yeah but they don't get holiday

yeh but you're in a position to give your personal observation seeing as though you are living there and are from europe

from what i can see though the answer is yes they kind of are

like this

 

[shakahislop]

like as an anecdote in my life here it is absolutely totally normal to meet people making $100,000 a year and i think i've met about one person in the uk who makes as much as that

 

[shakahislop]

the us university campuses i've been to make the uk ones look like tawdry cheap barebones skeletons. 50 meter pools and plush arts theatres

 

[luka]

Jim's wife makes more than that designing cardigans

 

[shakahislop]

one basic fact about the planet is that there are loads of rich americans on it and that shapes the whole world

 

[shakahislop]

there are numerically loads of them as well coz there's so many people here

 

[luka]

What has France, for example, got to offer the world now? Wine and cheese and heritage tourism. Not even a pop music industry. Not one single modern thing. [Except maybe some arms sales?]

 

[luka]

I'm going to get into manufacturing semi conductors

 

[wg-]

It's time to transition to the weapons industry