It’s much worse than an Afterpay bubble

Monday, 13 July 2020

Via Alan Kohler today:

A rather baffling, and worrying, complication of the pandemic of 2020 is that it seems to be coinciding with a tech bubble on the stock market. A messy crash in the middle of a global recession and health crisis would, to say the least, be unwelcome.

There was a pretty serious crash to begin with of course, but since then it’s been up, up and away, especially for tech stocks. It’s not quite the same as the dot.com bubble of 1999-2000, but it definitely rhymes.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.