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rjp0008yesterday at 1:37 PM1 replyview on HN

GFC? I'd say the dot com bust. It was the first time markets rewarded pushing buttons at that scale.


Replies

lanstinyesterday at 2:54 PM

It was after decades of stripping money from work into larger pools of capital, thanks to Reagan and Thachter style deregulation; so much money looking for unreasonably high ROI and unencumbered by the need to get consent from the governed or pass inspections from regulators causes trouble where ever it touches.