With valuations for tech companies going through the roof from Facebook on down to Dropbox , the endless bubble debate sees no end . Paul Kedrosky and Vivek Wadhwa recently got into it on Bloomberg West TV . Professor Wadhwa thinks it will all end badly with Grandma losing her piggy bank. Kedrosky points out that bubbles usually occur at the tail end of a market run-up, and he predicts we have at least a good 4 to 5 years left for this one. He compares Wadhwa to a central banker trying to take the punch away at a party before the party even begins. Wadhwa sticks to his guns and that “when this little bubble around social media bursts” it will take down all tech valuations.
It’s a spirited debate. Watch the video and tell us who you think is right in comments.
