{"id":225,"date":"2015-01-17T13:18:26","date_gmt":"2015-01-17T18:18:26","guid":{"rendered":"http:\/\/yusipka.com\/?p=225"},"modified":"2017-06-15T13:18:50","modified_gmt":"2017-06-15T17:18:50","slug":"did-someone-else-say-bubble","status":"publish","type":"post","link":"http:\/\/yusipka.com\/?p=225","title":{"rendered":"Did someone (else) say ‘bubble’?"},"content":{"rendered":"

This article provides some confirmation of my bubble speculation below<\/a>;<\/p>\n

Jan. 16, 2015, ABC News: VC Firms Rain Down Cash on Tech Startups, Is Bubble Brewing?<\/a>
\nh\/t Drudge<\/p>\n

Of course it’s not a perfect fit. (btw, do bubbles “brew”; I thought trouble brewed, and you blew bubbles, and trouble and bubble rhyme but… no matter, I’ll have to look that up sometime.) I predicted that advertisers will clue into the overvaluation of clickbait news sites. You know the type; they regurgitate the news by quickly rewriting stories from other sources while also providing links to cute videos; some of them go the extra mile and have an editor contribute one or two columns a week babbling on about “the issues of the day” with a particular slant<\/em>, “Wow, those Democrats\/Republicans really are clueless…”<\/p>\n

The article above talks about investors and start-ups, not clickbait. At least it does demonstrate that more and more money is being thrown at the online sector. And then the bubble bursts and everyone retreats to safe investments with hard assets like real estate which creates a bubble and on and on and on we go.<\/p>\n

At this point I will borrow a paragraph from Tyler Durden’s latest at Zero Hedge<\/a> regarding the reset going on in other markets;<\/p>\n

We\u2019re getting back to normal, and though normal\u2019s going to hurt \u2013 and far more than you realize yet-, it\u2019s hugely preferable to upside down; you hang uprise down long enough, it makes your brain explode. The price of oil was the first thing to go, central banks are the next. And then the whole edifice follows suit.<\/p><\/blockquote>\n

In my view, part of that edifice is the overvaluing of clickbait news sites and their ability to generate a quality audience, properly quantified, which justifies their ad rates.<\/p>\n

(Here I interject my best mock-imitation of a corporate boardroom presenter):
\n“The good news is our web traffic is up 37% this year. And your brand recognition is up 85%! The only downside is that most of that is from western India… and from what we can tell, in the evening hours, mostly from eleven computers inside an elementary school. But we can repurpose that\u2014and still maintain the hit count\u2014by simply advising our ad department to make a few payments to Facebook and get them to re-jig their algorithm to display our articles with your ad! Perhaps this will bring more exposure in places like Peru and Malaysia. You may not sell any more pizzas, but you can imagine yourselves to be very popular which will, in the fullness of time, be a tremendous boost your corporate self-esteem! And as long as we’re charging you more than we’re paying to Facebook, everyone’s happy.”<\/p>\n","protected":false},"excerpt":{"rendered":"

This article provides some confirmation of my bubble speculation below; Jan. 16, 2015, ABC News: VC Firms Rain Down Cash on Tech Startups, Is Bubble Brewing? h\/t Drudge Of course it’s not a perfect fit. (btw, do bubbles “brew”; I thought trouble brewed, and you blew bubbles, and trouble and bubble rhyme but… no matter,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[12],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Q4T3-3D","jetpack-related-posts":[{"id":172,"url":"http:\/\/yusipka.com\/?p=172","url_meta":{"origin":225,"position":0},"title":"The clickbait bubble and the coming cull","author":"Kevin Steel","date":"December 31, 2014","format":false,"excerpt":"Earlier this evening I was on the phone with a friend of mine and we were discussing the current state of journalism, what with all the shoddy writing, the lack of editing, the lack of oversight\u2014fact checking and proof reading\u2014and the evaporation of editorial judgment and intelligence. And of course,\u2026","rel":"","context":"In "Sociable Media"","block_context":{"text":"Sociable Media","link":"http:\/\/yusipka.com\/?cat=14"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":430,"url":"http:\/\/yusipka.com\/?p=430","url_meta":{"origin":225,"position":1},"title":"The #Wexit thing","author":"Kevin Steel","date":"October 25, 2019","format":false,"excerpt":"I signed up for Twitter yesterday. Following our Oct. 21 federal election, after seeing the outpouring of anger from Western Canada, I wanted to post a copy of the Feb. 19, 2001 Alberta Report cover story Alberta First: Six prominent citizens deliver a manifesto calling for provincial autonomy, by Kevin\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"http:\/\/yusipka.com\/?cat=24"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":192,"url":"http:\/\/yusipka.com\/?p=192","url_meta":{"origin":225,"position":2},"title":"More memories","author":"Kevin Steel","date":"January 5, 2015","format":false,"excerpt":"My friend Kevin Grace (aka The Ambler n.b. updates pending), after seeing the picture posted below of Paul W. and Davis S. in the Alberta Report newsroom, asked if I had any other photos from that era. I do. They are pretty random. 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The mic she\u2019d ordered was\u2026","rel":"","context":"In "Grace & Steel Podcast"","block_context":{"text":"Grace & Steel Podcast","link":"http:\/\/yusipka.com\/?cat=10"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":311,"url":"http:\/\/yusipka.com\/?p=311","url_meta":{"origin":225,"position":4},"title":"Itsy Bitsy Part 3","author":"Kevin Steel","date":"November 26, 2015","format":false,"excerpt":"My previous installment ended at the ferry in Port Angeles, Washington. There I'd met up with a group of adventurers headed for Alaska in a van, a wine red Chevy van, in fact. Invited to go along, I jumped at the chance. 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