How closer are we from a Video game Crash?

[shio]

celine said:

shio said:

Today there's more bad news: Midway, one of console industry's oldest publishers, filing bankrupcy and rumours of Sega laying off more staff and cancelling games (which in turn would force Obsidian to lay off dozens from the Aliens RPG development). What's the probability of the industry entering it's third crash?

I'm actually surprised it took so long for Midway to bankrupt, I mean 10 years without a profit .

BTW what were the first and the second crash ?

 

The first crash was in 1977. The other (and more known) was in 1983