Nick Bilton writing for the New York Times quoted PPI’s Michael Mandel, chief economic strategist, on why current investments do not constitute a tech bubble on the same scale as the 1990’s. Mandel explained the differences between today’s environment and the the dot-com boom/bust:
“Bubbles that are not self-feeding are not a big problem, and I’m not seeing the kind of self-feeding that I saw in the ’90s,” Mr. Mandel said. “So if it turns out that the social media boom is overdone, or that any aspect of the tech economy is overdone, the only thing that will get lost is the money that was invested.”
Read the entire New York Times article here.
