The thing is, the “people” propping it up, are massive tech companies with collectively trillions of dollars to burn on this thing that is making their stock prices soar.
They have no incentive as the primary investors doing the circular buying to stop. The big problem here is the stock market provides awful incentives to everyone.
umbrella@lemmy.ml 1 month ago
Credibly_Human@lemmy.world 1 month ago
This bubble is largely self dependent with all invested parties incentivised to prop it up. Completely different type of situation.
umbrella@lemmy.ml 1 month ago
Credibly_Human@lemmy.world 1 month ago
No. The housing crash really started to go off when regular people could not pay their bills. These arent regular folks here. These are mega corporations.