siliconwafer writes:
"Facebook's purchase of WhatsApp has generated a lot of noise in the financial and tech industries, with some calling the purchase price 'down-right silly' and 'jaw-dropping', and others have said the price is fair, but question the strategy. Is the purchase price evidence that we're entering entering another tech bubble reminiscent of the 1990s? Some say no, while others believe that a bubble may exist only in social media, given that the Global X Social Media Index ETF has outperformed the NASDAQ over the past year."
(Score: 0) by Anonymous Coward on Sunday February 23 2014, @08:10AM
It could also be that almost all the economic gains since 2009 are hoarded by the one percenters and are reinvested in the stock market or moved overseas into foreign bank accounts, and not returned to the greater US economy as a whole via taxes, increasing wages, new jobs, or investing in domestic facilities.
Until the middle class is revived the US economy will appear to be forever be in recession on main street although we are not in recession on paper.