Comment by somewhereoutth
1 year ago
> And when this all falls apart — and I believe it will — there will be a very public reckoning for the tech industry.
and will trigger the collapse of the wider asset price bubble, with consequent economic turmoil - an unfortunately necessary reset, in my opinion.
I suppose the good news is that likely the current US administration will wear this one, though not completely being their fault (much like Covid), and a political reset will also ensue.
I'm worried with a slowing housing market (demand is at a 5yr low) there could be a perfect storm of major market crash coupled with plummeting home values.
That might be a good thing. Current housing prices are insane.