Snapchat CEO Warns “Easy Money Policy” Has Created The Tech Bubble, “Matter Of Time Til It Bursts”
by Tyler Durden
ZeroHedge.com
05/27/2015
A month ago 24-year-old Snapchat CEO Evan Spiegel gave global sheeple investors a glimpse at the reality in Silicon Valley’s and how the second tech bubble will burst (via his leaked comments from 2013). Overnight he stepped up the rhetoric, as ReCode reports – itself in the midst of a stock-only buyout by Vox – Spiegel warns we are currently living through a tech bubble and that it’s a matter of when, not if, the tech bubble will burst. “People are making riskier investments and… there will be a correction,” he warned, placing tha blame squarely on The Fed’s shoulders, explaining that the bubble is being fueled by an “easy money policy” and low interest rates – that may not last much longer.
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