Forget LinkedIn - some tech stocks are still cheap

Eleven years ago, the bursting of the first tech bubble – the dotcom bust - laid the foundations for an era of lunatic monetary policy that continues to this day. Fuelled by the low interest rates that were meant to cushion the US economy from the stock market collapse, a colossal property bubble inflated then exploded. This almost destroyed the global financial system. This in turn gave central banks a green light to pursue even more crazed monetary experiments. And now we have Tech Bubble 2.0 – or so everyone says, at least.