Article: Is Silicon Valley in Another Bubble - Page 1
Forum section: electronics / general

author: LabSpokane
author_rank: Super Contributor
timestamp: September 07, 2015, 01:38:00 am
content: http://www.vanityfair.com/news/2015/08/is-silicon-valley-in-another-bubbleWhile I will gleefully cackle while a bunch of VC's get their well-deserved comeuppance, I will be sad about all the victims. A lot of people's retirement savings are going to take a huge hit. And the people they entrusted their money to, damned well should have known better.

author: zapta
author_rank: Super Contributor
timestamp: September 07, 2015, 02:01:02 am
content: Quote from: LabSpokane on September 07, 2015, 01:38:00 amIt sounds dramatic what what retirement savings are you talking about?

author: LabSpokane
author_rank: Super Contributor
timestamp: September 07, 2015, 02:03:20 am
content: Quote from: zapta on September 07, 2015, 02:01:02 amLet's just say part of my job involves getting to watch certain people play with other people's money.

author: Red Squirrel
author_rank: Super Contributor
timestamp: September 07, 2015, 02:25:34 am
content: What's this retirement savings I hear of. Do companies still offer retirement packages these days?Which reminds me, going to turn 30 soon, I should really start saving more money. Pensions are a thing of the past.

author: zapta
author_rank: Super Contributor
timestamp: September 07, 2015, 03:34:32 am
content: Quote from: LabSpokane on September 07, 2015, 02:03:20 amThis is not an answer for my question

author: Rupunzell
author_rank: Frequent Contributor
timestamp: September 07, 2015, 05:53:04 am
content: It's true, Silly Valley is a bubble. At some point it will burst.This is not the way Silicon Valley once wasBernice

author: free_electron
author_rank: Super Contributor
timestamp: September 07, 2015, 06:13:52 am
content: @labspokane : so you enjoy it if other peoples end up in misery ? I have one word for you : jerk

author: Jeroen3
author_rank: Super Contributor
timestamp: September 07, 2015, 07:36:15 am
content: Don't fool yourselves. The united states is broke, they only have to admit they are.Same as most of the world.

author: coppice
author_rank: Super Contributor
timestamp: September 07, 2015, 09:55:28 am
content: The only times Silicon Valley is not in a bubble is when its crashing. It has never experienced much stability.

author: george graves
author_rank: Super Contributor
timestamp: September 07, 2015, 11:04:23 am
content: Quote from: Jeroen3 on September 07, 2015, 07:36:15 amWe'll be fine. But, thanks for the concern. Housing market is on an up swing here - a huge plus if you bought in low.

author: LabSpokane
author_rank: Super Contributor
timestamp: September 07, 2015, 02:30:01 pm
content: Quote from: free_electron on September 07, 2015, 06:13:52 amGo back and re-read my statement. That wasn't it. I said that I will be sad about the victims. How is that enjoying other's misery?

author: free_electron
author_rank: Super Contributor
timestamp: September 07, 2015, 03:48:43 pm
content: You are still gloating that the VC's will be impacted.Without the VC 's many a company would never see the daylight.Without silicon valley you'd still be mucking about with vacuum tubes ... Actually you wouldn't cause even that was invented here. (lee DeForest)

author: zapta
author_rank: Super Contributor
timestamp: September 07, 2015, 04:58:18 pm
content: Quote from: free_electron on September 07, 2015, 03:48:43 pmEvery success triggers envy.

author: linux-works
author_rank: Super Contributor
timestamp: September 07, 2015, 05:18:49 pm
content: Quote from: Jeroen3 on September 07, 2015, 07:36:15 amwhich united states? there are quite a few, really.the ruling class has never done better. they literally own the world. and many of the world's ruling class live in the US.the working guys, they don't have it so great any more and signs are not showing any promise.those who are in poverty can almost never get out. the american dream is very selective. and the new poverty class is what was once the middle class that is being run into the ground.its extremely polarized. its capitalism that has gone to an extreme. and, personally, I think its an example to the world of how NOT to be. 'this' is what can happen if you are not watching or paying attention.

author: Jeroen3
author_rank: Super Contributor
timestamp: September 07, 2015, 06:34:02 pm
content: Well, I said THE, so you guess. From here seen, the typical 'Murican doesn't look beyond the seas.Huh, isn't the USA the entire world?*stereotype politics mode*Yes, I agree. With main export product being War, and main Import product being labour from China. You've given the ruling class everything and took most of the wealth from the working class.Let's see how Donald is going to fix that for you. (spoiler: he won't)*/stereotype politic mode*This guy has a genius explanation on why you should improve wealth to stop overpopulation.http://www.ted.com/talks/hans_rosling_on_global_population_growth?language=enBut seriously, isn't the entire economy a bubble waiting to be popped? Did you get economy in school? Didn't you wonder, how does this system keep working??

author: zapta
author_rank: Super Contributor
timestamp: September 07, 2015, 11:03:20 pm
content: Quote from: Jeroen3 on September 07, 2015, 06:34:02 pmNetherlands, hmm, isn't that small country that the US army liberated in 1945?

author: CatalinaWOW
author_rank: Super Contributor
timestamp: September 07, 2015, 11:45:33 pm
content: I will never understand how a population that has near universal ownership of things like cars, televisions, cell phones etc. can complain about poverty. Yes there are large numbers (but low percentages) that don't have the goodies, but the down trodden middle class is doing well by most objective standards. Yes it is harder to afford a round of golf after work. Yes the tickets to the latest rock concert are expensive. Yes, you might have to forgo the craft beer and drink swill from Coors or Anheiser-Bush. Yes, you might have to wear last years outfits. Yes, you may have a smaller flat screen TV than the neighbors, and might be having trouble making payments on the house larger than most people on earth own, and might have to make that smart phone last another six months or a year.Poverty is when you spend your evenings darning socks and mending clothes so that the one or two outfits that you have will survive for another year. It is when you eat beans and rice, from one pot and with one or two utensils. It is when you dumpster dive for newspapers and magazines to get the news of the world, and then repurpose them after reading. There is a time within living memory when this was the reality for a huge minority, and possibly even a majority of people in the US, western Europe and other parts of the now wealthy world community.Silicon valley is it's own special case. The middle class is in trouble there. But it represents a tiny part of America.