It's called a bubble. The level of spending now defines how fucked we are in 2-3 years.
You know those booths at events where money is blown around and the person inside needs to grab as much as they can before the timer runs out? This is that machine for technologists until the bubble ends. The fallout in 2-3 years is the problem of whomever invested or is holding bags when (if?) the bubble pops.
Make hay while the sun shines.