Foreign Policy Magazine

The Next Tech Bubble Is Coming—Whether Economists Admit It or Not

Nearly a decade after the 2008 global financial crisis, the recovery has spread to every major economy, and the consensus among financial analysts is that few issues could trip things up in 2018. So widely shared are the expectations of accelerating global growth that former doomsayers have turned into hopeful converts. As Bloomberg Businessweek’s Nov. 6, 2017, cover story gushed: “Even the skeptical Germans sound happy.” To the extent that economists have bothered to look for gathering storm

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