You’re preaching to the choir on this stuff. Totally agreed that it is a massive bubble and will collapse at some point.
I’m not sure I made my point clearly - the article (and your comment) explain very well why it is a bubble and that it will/should collapse. I am saying that it doesn’t explain how the collapse will happen ie the circumstances that would change between now and when it does. What I don’t understand is why it isn’t collapsing right now, with investors running for the hills. That kind of analysis was what I had hoped for in the article.
Think of it this way, the investors are basically like people going to a casino. They start with a bunch money, and they start losing that money over time. That’s what’s happening here. Right now, they still haven’t lost enough money to quit playing, they still think they’ll make their investment back. At some point they either run out of money entirely, or they sober up and decide to cut their losses. That’s what’s going to change between now and when the bubble starts to pop. We simply haven’t hit the inflection point when the investors start to panic.
You’re preaching to the choir on this stuff. Totally agreed that it is a massive bubble and will collapse at some point.
I’m not sure I made my point clearly - the article (and your comment) explain very well why it is a bubble and that it will/should collapse. I am saying that it doesn’t explain how the collapse will happen ie the circumstances that would change between now and when it does. What I don’t understand is why it isn’t collapsing right now, with investors running for the hills. That kind of analysis was what I had hoped for in the article.
Think of it this way, the investors are basically like people going to a casino. They start with a bunch money, and they start losing that money over time. That’s what’s happening here. Right now, they still haven’t lost enough money to quit playing, they still think they’ll make their investment back. At some point they either run out of money entirely, or they sober up and decide to cut their losses. That’s what’s going to change between now and when the bubble starts to pop. We simply haven’t hit the inflection point when the investors start to panic.