Just because we are not in a tech-bubble doesn't mean there is no bubble. All these crazy valuations may be secondary effects from a larger, hitherto unseen bubble.
-Credit/Money: We are currently printing money to finance our lifestyle here in the US. China currently holds around 3 trillion US dollars and the dollar is only worth something as long as they don't try to cash out.
-Education: Something bad is happening and it is fueled by cheap, govt backed credit. Everyone is rushing to invest in their children's future because of the it-can-only-help-them mindset, similar to the it-can-only-go-up mindset of the housing bubble (also fueled by cheap, govt-backed credit).
-healthcare: this is a weird case and probably only local to the US. Heres the situation: We value our health, but we don't pay out of our own pockets for much, our employers do. So naturally we keep slipping down the slope of wanting more and more done for us. A huge friction coefficient is being added to our economy due to the nature of making businesses provide healthcare, meanwhile insurance companies interests are aligned with the insured because they both want as much done as possible (provided neither of them pay for it).
cardio-vascular disease, number one killer in america, is largely preventable through diet and lifestyle. being overweight (actually even high-"normal") is also significantly correlated with cancer incidence. i don't have the type 2 diabetes figures offhand, but they aren't pretty.
healthcare in america is very expensive. fat, inactive americans are a part of the reason why it is expensive (diabetics cost on average $6.6k more a year than non-diabetics..)
I agree that employer-sponsored healthcare is dumb, a relic from the difficulty in recruiting people after the war.
-Credit/Money: We are currently printing money to finance our lifestyle here in the US. China currently holds around 3 trillion US dollars and the dollar is only worth something as long as they don't try to cash out.
-Education: Something bad is happening and it is fueled by cheap, govt backed credit. Everyone is rushing to invest in their children's future because of the it-can-only-help-them mindset, similar to the it-can-only-go-up mindset of the housing bubble (also fueled by cheap, govt-backed credit).
-healthcare: this is a weird case and probably only local to the US. Heres the situation: We value our health, but we don't pay out of our own pockets for much, our employers do. So naturally we keep slipping down the slope of wanting more and more done for us. A huge friction coefficient is being added to our economy due to the nature of making businesses provide healthcare, meanwhile insurance companies interests are aligned with the insured because they both want as much done as possible (provided neither of them pay for it).