Not only was it a bubble but we actually had the internet. We didn't have to use our imaginations and build for the technology yet to be invented and we still had a massive damaging bubble.

Even beyond that, the Soviet Union had just collapsed. The US had a balanced budget and 10X less debt. Globalization was just getting started. China was nothing compared to what it was today. It was the absolute most stable time of my life. Basically the opposite of 2025.

"This time things are different because AI blah blah blah".

When you boil it down, all bubbles are based around the idea of using your imagination to image how "this time it is different".

The people who don't think this is a bubble are not seeing that their imagination is a bug and not a feature here.