Funny thought, but was the bubble created by web applications? I am thinking usually if you own some shares, you own a number of shares. But then web applications came along and put an approximate number next to it, the assumed the value of the shares.
Maybe without web applications, people wouldn't have thought "I own two million dollars in shares", they would just have thought "I own 100000 shares"? All that created that "money" was the web applications writing out the assumed values.
I love how on that page the Grauniad is advertising made-up public sector jobs that pay equivalent to six-figures in USD. That is where the money went.
Maybe without web applications, people wouldn't have thought "I own two million dollars in shares", they would just have thought "I own 100000 shares"? All that created that "money" was the web applications writing out the assumed values.