The Phaserl


Could the New Tech Bubble Push the Economy over the Edge?

from Off Grid Survival:

It’s no secret that I believe the economy is one of the greatest threats that we face. With the country sitting at over $17 trillion in debt, and another $120 trillion in unfunded liabilities, at some point the house of cards is going to come tumbling down.

As the newest tech stock, Twitter, makes its Wall Street debut, many financial analysts are starting to warn that this could be the beginning of a new technology bubble that could have devastating consequences on the economy.

Earlier this month, Twitter went public. The company, who has never made a profit, was valued at over $25 million dollars. Early investors and company insiders instantly became millionaires, as the stock jumped from $26 a share to over $45 before it even went live. Over 2,000 of Twitter’s employees became instant paper millionaires.

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