“I’ve been saving for months to get the Corsair Dominator 64GB CL30 kit,” one beleagured PC builder wrote on Reddit. “It was about $280 when I looked,” said u/RaidriarT, “Fast forward today on PCPartPicker, they want $547 for the same kit? A nearly 100% increase in a couple months?”
just pop already
The market can remain irrational for far longer than you can remain solvent
The thing is, the “people” propping it up, are massive tech companies with collectively trillions of dollars to burn on this thing that is making their stock prices soar.
They have no incentive as the primary investors doing the circular buying to stop. The big problem here is the stock market provides awful incentives to everyone.
neither did the housing speculators in the late 2000s though, it will come crashing down eventually.
though i wonder if yall gonna let them get bailed out again, that still remains to be seen.
This bubble is largely self dependent with all invested parties incentivised to prop it up. Completely different type of situation.
so, still a bubble like the housing crash?
No. The housing crash really started to go off when regular people could not pay their bills. These arent regular folks here. These are mega corporations.
that’s how a bubble works. they are mega corporations that represent like 90% of the economy. their companies go under, the people working for them are jobless all at once.
Are you like… just not reading the parts where I explain how these are massively different situations?
2 things can be bubbles while being massively different in the forces at play.
yes i agree