>>106328010
>The reason 2008 “was a nothingburger”
There's been a series of bubbles since before 2000 (I can't be bothered to track back where it started). Every time one has burst, far too much hot money has jumped ship to something else, inflating the next bubble for a few months to years. The ride isn't going to stop until a lot of people accept that they're all going to take a huge loss, and that's a very bitter pill to swallow.
I suspect that the party ends and everyone gets to go home on their own with a brutal hangover when the USD devalues. The signs are there, but fuck knows if it's going to kick of this particular bubble-burst. I thought it was going to happen when crypto blew up, so what do I know.