Ask PG: Is there a bubble now?

At the first startup school, there was some grizzled old lawyer or venture capitalist, basically somebody who's been involved in Silicon Valley startups since the 80s. He summed up the history of technology startups in 4 words:

"Boom. Bust. Boom. Bust"

The point is, there's always a bubble, right up until there's a panic and depression. Greenspan's "irrational exuberance" speech was December of 1996 - was there a bubble then? The NASDAQ was at 1200 then; if you rode it all the way to the top, before the bubble burst, you would have quadrupled your money in 4 years. And then even after that, the NASDAQ never went below its December 1996 levels.

assuming there is a bubble, and it bursts in the next 6-12 months... what would be the fallout.

I was a part of the first .com bust - but that was different. Technology, # and quality of devs, amount of $ -- all different.

But I cant reall figure out what will happen.

I mean, jesus, we went through the banking thievery debacle - with outright proof of BofA fraud etc... and NOTHING has happened - we are ~10 YEARS into the most expensive war ever* and STILL NOTHING has happened.

MILLIONS have already been foreclosed upon - NO major change in our lives as a whole.

I think we need to STFU about a bubble and keep building, but build shit that IMPROVES the quality of life, wellness and education of people.

SHUT UP AND BUILD.