Yes and no; let me explain, though…
Well, the title of this blog post is the topic of the town on a global scale, and the answer to that question is actually quite simple and more nuanced than what most of us might think.
And to answer that question, I’m going to redefine what a Bubble is itself.
But let me first explain what I think others think a Bubble is, especially in the context of capitalism and the stock market.
Most people think that a Bubble means the whole technology that is trending itself is under question as to whether it is worthy enough of being considered valuable or not. And because of that, they want to have a blanket opinion about both the technology and all the companies building that technology as a Bubble.
The truth about what a Bubble is or how it behaves is more nuanced than that. First of all, all technology is useful, period; no further debate on that point.
Second, let me explain how I redefine what a Bubble is and how it actually behaves or turns out to be in the long term, based on what we have observed in the capitalist or stock market past.
My definition of a Bubble is a bit similar to what others define as Bubble but with a specific specificity, and it is, a technology can’t be useless, some companies that are building the cutting edge version of it can’t be useless, but, and here’s the point, some companies among all the ones that are building that technology can be useless or should I say better, some companies may position themselves in such a way in the process of developing a cutting edge technology in such a way that they maybe very well setting up themselves for a spectacular failure.
And those companies are the ones that end up being Bubble businesses, which then have the potential to burst, thus causing a market correction and also a wide global capital correction, aka a lot of money lost in things that didn’t or couldn’t have ever turned out to be successful.