We had dotcom, we had subprime mortgage, next we have the VC bubble.
Tesla has had 5 profitable quarters in 10 years. Uber loses billions of dollars a quarter. Chalk it up to R&D or whatever you want, but this is only sustainable because of this giant bull run.
When the money starts to dry up, these companies are going to implode.
When half the nations market cap and everyone's pension funds are wrapped up in it, it won't be allowed to implode.
Instead, the government will give emergency cash injections so all the investors don't loose much. Instead all holders of US currency and taxpayers will pay for it via more government debt and inflation.
We had dotcom, we had subprime mortgage, next we have the VC bubble.
Tesla has had 5 profitable quarters in 10 years. Uber loses billions of dollars a quarter. Chalk it up to R&D or whatever you want, but this is only sustainable because of this giant bull run.
When the money starts to dry up, these companies are going to implode.