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The Everything Bubble

Published by Aeon Flux on September 3, 2021
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The Everything Bubble. Remember the Internet stock bubble? It… | by Anh Le (@thisisanhle) | The Capital | Jul, 2021 | MediumRemember the Internet stock bubble? It was big. It was bold. It was going to drive the new economy into the new Millennium.Then it popped.Without underlying growth, without real profits and productivity gains, sooner or later, what goes up must come down.If the asset begins to sell for a lot more than its economic value, and the price rises to two or more times the economic value, driven primarily by rising…

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