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The logic behind this posting (or lack thereof) makes my head hurt. 1. If people who say no do so with hesitation, but people who say yes do so without, why w
by j_baker 16y ago
The logic behind this posting (or lack thereof) makes my head hurt.
1. If people who say no do so with hesitation, but people who say yes do so without, why would you jump to the conclusion that there's a bubble? I know it may be a stretch, but perhaps the people who say no are hesitating because they put more thought into saying no than the people who say yes?
2. The article seems to be saying "Are we in a bubble? All I know is that when people stop saying we're not in a bubble, it will have popped." Of course, the article takes for granted that we're in a bubble when in fact we clearly aren't. Bubble's are just as much psychological as they are economic. If you can see a bubble happening, then it will cease to be a bubble.
Seriously, we haven't even recovered from the last economic disaster. How about we do that before we start worrying about the next one?
- Psyonic 16y ago"If you can see a bubble happening, then it will cease to be a bubble." This statement is over-simplified. Let's talk real-estate speculation for a minute. You could be aware that the price you're paying for some property is over-valued, but still take the gamble because you think you'll be able to dump it before the bubble pops. Once awareness reaches a critical mass it may cease to be a bubble, but that doesn't happen overnight.