Sunday, January 27, 2008

But I need that bubble

Less than a decade after the dotcom bubble and as the real estate bubble is being popped what's next? Some think that our economy is now so constructed that it needs the makings of another bubble to keep going (and they even have ideas on what industry might provide it). What causes bubbles? A good idea that gets hyped to be a fantastic idea that captures the imagination of the masses, a media that gushes over the quickly rich instead of offering skepticism, and a government eager to let the market run it course and keep the public at a safe distance from what's really going on.

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