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The entire financial sector and large parts of the economy are a bubble but it doesn't matter unless people panic over it.

• tomkarlo 16y ago
  It does matter, because it means huge amounts of capital is being mis-allocated - that's money that could be better invested elsewhere, assuming those sectors are in fact overvalued.
  • rue 16y ago
    Oh, true. I meant only in the sense of market stability which is above all psychological.