18 ms·
If it's being artificially inflated by policy it's a bubble, even if it takes a very long time for the inflation to pop it.
by Beltiras 5y ago
If it's being artificially inflated by policy it's a bubble, even if it takes a very long time for the inflation to pop it.
- parkingrift 5y agoAn economic bubble, by definition, is a scenario where asset prices are significantly divorced from underlying fundamentals. It is not possible to have a thirty year bubble. A thirty year "bubble" means the fundamentals were wrong and we were never actually in a bubble.
- modeless 5y agoYou don't think it's possible for underlying fundamentals to be defied for 30 years, huh? Depends how you define fundamentals I guess. If your definition of fundamentals is "something that lasts 30 years or more" then you'd be tautologically correct.
- parkingrift 5y agoI don't know how something could be "fundamental" if it's wrong for thirty years.