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As the saying goes, economists have predicted 7 of the last 3 recessions. Same applies to bubbles I think.
by 0xffff2 7y ago
As the saying goes, economists have predicted 7 of the last 3 recessions. Same applies to bubbles I think.
- seanmcdirmid 7y agoBubbles are easy to identify, bursting points are not.
- frankbreetz 7y agoIs it a bubble of it never pops?
- seanmcdirmid 7y agoThere is no such thing. Just like “it’s different this time” economic booms. The best result of a bubble is either a gradual deflation (prick it and let the air out slowly), or keep it from popping until demand can catch up.
- linuxlizard 7y agoI lol'd. I hadn't heard that before.