FOR THE NEXT BUBBLE TO BURST? “Facebook will become the poster child for the cur

http://www.marketwatch.com/story/the-real-crash-is-dead-ahead-as-2008-is-forgotten-2012-07-31READY FOR THE NEXT BUBBLE TO BURST?

“Facebook will become the poster child for the current social-media bubble, ..just as Pets.com was for the dot-com bubble.” – Economist Gary Shilling in his latest Forbes column.

“Wall Street is repeating the 2000 dot-com crash as today’s social-media bubble crashes and burns.”

– TOLD YA’ SO –

And when I said in 2007, that the crash would be structural, would last through 2014, and that we’d have a brief respite before the boomer crash hit somewhere around 2017-2020, I got so much crap for it from every corner. But economics is driven by demographics. It’s a function of human capital. Plain and simple. The composition of your population matters. And the metrics of the postwar era are fanciful products of accidental circumstance not to be repeated – not the product of policy.