http://www.theguardian.com/technology/2014/sep/16/tech-bubble-warning-investors-dotcom-losing-money I can only see disaster for the tech industry once rates go up.
Another issue is that some major tech companies have sold their souls to the NSA spying IMO. (An incredible strategic blunder IMO, because a critical part of the front edge of new technology selling is trust I think.) It is just a matter of time before the Far East takes over creation of vastly superior new technology. (Better teachers and bigger population will tell in the long run). Eventually they will create better technology and use better encryption in it as well. Every tech company that was leaked by Snowden as NSA data collection front ends, will suffer world market share IMO. Even the honest ones that rebuffed the NSA (if such companies do exist) will suffer the stigma that American technology will carry going forward for decades. Perhaps I am wrong in what I see though. Letting the trust genie out of the bottle was a bad, bad mistake. IMO, even if they chose to keep the secrecy going behind the scenes, a big show should have been made of the former intelligence agency people, jail time, widely public trials for treason, public punishment etc. The fact that nothing much has been done shows that they don't care to hide their activities and that they are not that competent politically. At least a public-facing show would have made it appear that the US was still interested in doing the right thing whether or not what was going on behind the scenes matched the front facing image of politicians giving a damn what he people that elected them thought. In the long run, I think that the activities a few skunks in the intelligence agencies launched a direct hit on the large technology companies and their sales of suspect or tainted technology. An unintended consequence of dishonesty I guess. With most humans replaced with technology and military cutbacks due to budgetary constraints who will do the big creative thinking now? Artificial intelligence will not create marvelous new technology IMO.
A sign of things to come??? http://www.cnbc.com/id/102000434 The article has been revised. It used to say something to the effect of ...what he has been predicting has not materialized.... So is he tired of being wrong or does he see the edge of the cliff? I've long thought Bernake saw the endgame to where we are now and got out before he became a scapegoat.