The same observation could be made with regards to asset prices, by the way.
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Michael Lewis is going to have to write a new book, isn’t he.
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“What have you heard?” I mean, you remember three weeks ago when well-capitalized people in Silicon Valley were sounding alarm bells on Twitter? Do you think that was the only app they were using?
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City-level year-over-year seated diners from OpenTable restaurants https://docs.google.com/spreadsheets/d/e/2PACX-1vRbPuAyJy74UmbF6kLXFGXDk2eX3N6zvRLzxPamG8FAA3E-SVqMOMSIht-eYEF_4qrNGOJuPbDjTsPD/pubhtml# …pic.twitter.com/3La16qv3uX
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thanks for putting the whole screenshot with Seattle and the sheet link all in one tweet
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Studying history is very helpful here. It's all happened before in a similar way if you look and make the connection. For asset prices, George Soros's Reflexivity is a good model. Also, Extraordinary Popular Delusions and the Madness of Crowds & Famous Financial Fiascos.
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Also Manias, Panics & Crashes by Aliber & Kindleberger. Funny to see OpenTable. I remember when they first started in SF. Had a roommate who worked there. It’s great they have survived all these years.
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Seattle's at -60% reportedly
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Dallas isn’t on here because everyone is still out eating
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Yeah. At the risk of sounding smug, the past two days it's been interesting watching the severity of the problem finally click with the general public.
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