Are we living in our own bubble? The rest of the economy seems to be crashing hard
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SoftwareFT
Mar 18, 2020
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Everyone here seems to be pretty confident about the market, about the economy despite all the red flags.
I have been talking around and now it seems that outside of Silicon Valley, things are royally blowing up.
One of my friends works in corp dev for a Las Vegas based hotel business, and he was telling me that they are in complete dire straits. They literally go bankrupt in weeks if things continue as is.
Also, hearing stuff from other "finance" people about how they are in complete meltdown (similar to 2008, no one knows who holds loans to Energy and travel companies, don't want to lend to each other).
I am now getting really scared. I think tech is in a better spot, but no way this doesn't impact us.
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