{"id":84537,"date":"2025-07-31T07:56:54","date_gmt":"2025-07-31T06:56:54","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=84537"},"modified":"2025-07-31T07:56:54","modified_gmt":"2025-07-31T06:56:54","slug":"we-are-in-bubble-territory","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/31\/we-are-in-bubble-territory\/","title":{"rendered":"We are in bubble territory"},"content":{"rendered":"

The top three headlines from an FT newsletter this morning are<\/p>\n

\"\"<\/p>\n

The first two read so much like 1999. Just spend, spend, and spend and the riches will roll was the theory back then. But it did not happen.<\/p>\n

The last shows that despite all the spending in IT, it can still fail.<\/p>\n

Tech is helpful: I rely on it in almost all aspects of my working life. But let's not pretend it solves all problems or is the source of all profit, because it most definitely is not.<\/p>\n

And let's remember that over-valued US stock markets are based on the belief that AI will deliver a land of milk and honey. For most, there is no sign that will happen, and plenty that the opposite might be the case.<\/p>\n

We are in bubble territory.<\/p>\n","protected":false},"excerpt":{"rendered":"

The top three headlines from an FT newsletter this morning are The first two read so much like 1999. Just spend, spend, and spend and
Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136,35],"tags":[],"class_list":["post-84537","post","type-post","status-publish","format-standard","hentry","category-city-of-london","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=84537"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84537\/revisions"}],"predecessor-version":[{"id":84539,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84537\/revisions\/84539"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=84537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=84537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=84537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}