05-06-2016, 01:38 PM
(05-06-2016, 12:32 PM)Odin Wrote: If there is a crash with a 10,000 point Dow drop I think it will be a tech crash. There seems to be a huge bubble involving everyone and their mom trying to get into marketing on social media sites and the number companies centered around managing other companies social media presence seem to be growing at an exponential rate and reminds me a lot of the delusion that took hold in the late 90s.
But there seems to be no devouring of capital as there was in the real-estate bubble in the Double-Zero decade. Social media is largely a shoestring business except for Facebook, Twitter, etc. Real crashes come from BIG investments being gutted in value.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.