Monday, May 07, 2012
The "Internet Bubble" collapsed, erasing billions of dollars of wealth. Then we blew a new bubble in housing, and that one collapsed too. Ever since then there have been politicians and economists frantically trying to reinflate the housing bubble or create a new bubble, and failing miserably. Finally we have a new bubble puffing up and, with total idiocy, it's another Internet bubble. $11.5 BILLION for Facebook. Seriously?
Posted by Jayhawk at 8:19 AM Permalink