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I disagree. Let's take the American real estate bubble. According to Wikipedia: "Total home equity in the United States, which was valued at $13 trillion at
by zzalpha 9y ago
I disagree.
Let's take the American real estate bubble. According to Wikipedia:
"Total home equity in the United States, which was valued at $13 trillion at its peak in 2006, had dropped to $8.8 trillion by mid-2008 and was still falling in late 2008."
Two years, a 5 trillion dollar haircut.
The Bitcoin Bubble? For an asset that taps into capital markets across the entire globe, $86B is adorably small.
IMO, the bubble is still inflating and there is a long way to go, yet. To me, the real test will be when the next major worldwide recession sets in...
- jron 9y agoSorry. What don't you agree with? I think we're saying the same thing here.
- zzalpha 9y agoLOL, so I read this statement: but anyone yelling bubble now really needs to consider how tiny 86 billion actually is. As a statement that the current price means the bears were wrong and that this isn't a bubble. I probably misunderstood! I'm still working on my first coffee...