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The language here is interesting. "Wile E Coyote moment" in the abstract looks and feels like a bubble, but he doesn't use the term bubble. So a sharp correcti
by debt 8y ago
The language here is interesting. "Wile E Coyote moment" in the abstract looks and feels like a bubble, but he doesn't use the term bubble.
So a sharp correction? But isn't that what a bubble does? Why not just say we're in bubble fueled by artificial growth caused by numerous government subsidies.
- throwawayjava 8y agoI guess for some very broad definition of bubble. Consider, e.g., real estate prices in a relatively stable area after that area is plunged into a long-running war. Prices will sharply correct, but talking about a "peace bubble" is a bit disingenuous.