Let’s call it the pingpong table index.
There’s been speculation here and elsewhere that we’re in a tech bubble and that as all bubbles do, it will eventually pop.
The Wall Street Journal got creative, went out to Silicon Valley and talked to a pingpong table salesmen. Pingpong tables being one of those icons often found in startups and tech companies.
Turns out that when the Nasdaq hit its lows this past February, this guy sold the fewest tables he’d sold in two years.
Yahoo, he said, hasn’t bought anything in a long while. Intel, which just laid off 12,000 people, hasn’t bought in more than a year.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.