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‘The situation today is surprisingly similar to the IT bubble in the 1990s,’ said one economist. Some believe the potential bubble is far from bursting.
Stocks (and gold) shot up in response to Powell’s talk, and Treasury yields declined in the wake of his comments, so let’s hope he follows through on this view.
The commerce secretary had already confirmed the administration’s plan regarding Intel but had not mentioned whether the plan would extend to other chipmakers.
‘The situation today is surprisingly similar to the IT bubble in the 1990s,’ said one economist. Some believe the potential bubble is far from bursting.
Stocks (and gold) shot up in response to Powell’s talk, and Treasury yields declined in the wake of his comments, so let’s hope he follows through on this view.
The commerce secretary had already confirmed the administration’s plan regarding Intel but had not mentioned whether the plan would extend to other chipmakers.