4 ms·
Bubbles are, by definition, predicated on the perception of some measure of value that is not really there. This could include creation of unreal assets or fict
by jonnathanson 16y ago
Bubbles are, by definition, predicated on the perception of some measure of value that is not really there. This could include creation of unreal assets or fictional derivative values on real assets, as happened in housing. But it doesn't have to. You can easily have a bubble that involves nothing more than overvaluation of tangible assets. Commodities bubbles, for instance.