

I get the thinking here, but past bubbles (dot com, housing) were also based on things that have real value, and the bubble still popped. A bubble, definitionally, is when something is priced far above its value, and the “pop” is when prices quickly fall. It’s the fall that hurts; the asset/technology doesn’t lose its underlying value.
Here’s the crux of the difference of opinion: No, Pres. Harris would not have been talking about luxury hotels on the rubble of Gaza. Israel, however, has been talking about it for years. The U.S. President has very little influence over Israeli intentions, and whether the U.S. President talks about it sounds like an objection based on style rather than substance.