Description: Commentary: Ironically, you’ll win by buying banks now. “Facebook will become the poster child for the current social-media bubble,” warns economist Gary Shilling in his latest Forbes column, “just as Pets.com was for the dot-com bubble.” Yes, Wall Street is repeating the 2000 dot-com crash as today’s social-media bubble crashes and burns.

Source: Marketwatch.com

Date: July 31, 2012

Link: http://www.marketwatch.com/story/the-real-crash-is-dead-ahead-as-2008-is-forgotten-2012-07-31?siteid=nwtwk

Questions for Discussions:

• Summarize the arguments for the doom and gloom outlook in this article.
• Do you agree with the basic premise?