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It could very well be that, for most people working 'inside the bubble', this one may, in retrospect, have ended very similarly to the last one. A lot of people essentially spent a bunch of years working for chump, in widely shared anticipation of riches that never materialized.

At the same time, since not nearly as many outsiders are betting their life savings on the 'bubblers', the economy wide impact of even the most devastating sector wipeout, won't be nearly as bad as dot bomb.

In that respect, how you'll come to view it will depend largely on where you stand.

It could also be that what we are seeing is the leading edge of PG's predicted trend for more young people to enter working life by doing a startup, rather than going to work for someone. This would probably in and of itself lead to an economic landscape looking a bit 'bubbly' by historical standards.

I guess only time will tell.



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