It’s The Year 2000 All Over Again In The Economy And Financial Markets

An exceptionally robust job market. The Federal Reserve raising interest rates at a rapid clip. Overheated financial markets starting to correct themselves, with the frothiest sectors bearing the brunt. That's the situation today — and was also the situation in the spring of 2000, when the dot-com bubble started to burst. A recession followed, but not until a year later. Why it…