> ... the markets will eventually find out that it's useless, and everything will go back to normal, and the people you don't like will have lost money, so there's no point in being outraged...
Except that in the process of the markets finding out, things will not go back to normal if everyone's retirement is tied to the market. And in the process of finding out, things will not go back to normal if the hype cycle disrupts traditional hiring/firing decisions.
If it's as bad as some of us believe, then when it falls apart, a lot of people get hurt as collateral damage.
The market eventually found out about Bear Stearns, but a lot of innocent people lost their homes in the process.
Except that in the process of the markets finding out, things will not go back to normal if everyone's retirement is tied to the market. And in the process of finding out, things will not go back to normal if the hype cycle disrupts traditional hiring/firing decisions.
If it's as bad as some of us believe, then when it falls apart, a lot of people get hurt as collateral damage.
The market eventually found out about Bear Stearns, but a lot of innocent people lost their homes in the process.