And famously, the economy never changes course. Something, something, stocks always go up.

The economy looked really good before the dotcom crash too. The crash didn’t make the internet go away, but it damped the hype and blind, unchecked optimism that was leading to some rather short-sighted decisions.

Right now so many companies are trying to use AI just to use AI, rather than using it when and where it actually makes sense. This is the big thing that drives me, and I think many others, a bit crazy. I don’t expect a bubble pop to make us go back in time to 2022, but I expect it will put an end these the AI mandates, token maxing, and other foolish behavior.