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We’re Entering an Economic Bubble Worse Than the Dot-Com Crash. Thank Donald Trump and Elon Musk.
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We’re Entering an Economic Bubble Worse Than the Dot-Com Crash. Thank Donald Trump and Elon Musk.

Slate Magazine·Nitish Pahwa·17 days ago
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Moneybox The Meme-Stock Economy Is Coming for Your 401(k) The incoming IPO wave is rewriting stock market rules in real time—and setting us up for a lot of risk. By Enter your email to receive alerts for this author. Sign in or create an account to better manage your email preferences. Unsubscribe from email alerts Are you sure you want to unsubscribe from email alerts for Nitish Pahwa ? May 15, 2026 4:17 PM Photo illustration by Slate. Photo by Charly Triballeau/AFP via Getty Images and Timothy A. Clary/AFP via Getty Images.  Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. If you already thought the stock market’s booming reactions to this geopolitically chaotic economic moment were irrational—well, it’s about to get much more surreal, because the rules governing the trade are about to change dramatically. You can thank Elon Musk and the Trump administration for that.…

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