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"Bigger Fool Theory" has officially been added to my vocabulary for explaining the current spate of ultra high valuations for companies like Facebook and Twitte

• narrator 16y ago
  The investment banks are stuffed full of money they got from the fed buying all their worthless MBSs they sold to them at par. They are just dying to find some other bubble to invest it in. You see, when too much money is idly sloshing around the economy it sooner or later finds a bubble to invest in. It has to be something new and shiny though with "unlimited" growth potential in order to really get the bubble going though. As usual the Onion does a better job explaining it than I ever could: http://www.theonion.com/articles/recessionplagued-nation-demands-new-bubble-to-inve,2486/ http://www.theonion.com/articles/recessionplagued-nation-dem...