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Bubbles don't just happen overnight. It's a slow loosening of caution as people convince themselves that a boom is unstoppable. I think people are still shell s
by mkr-hn 14y ago
Bubbles don't just happen overnight. It's a slow loosening of caution as people convince themselves that a boom is unstoppable. I think people are still shell shocked from the '00s. A few more large and successful IPOs could change that. We won't see the next one coming until the current boom turns into a bubble. By then we'll all be too happy with how things are going to hit the brakes before we fall off the cliff.
- lwhi 14y agoI think it's different this time. People are aware that a bubble is an eventuality, so this time the game is knowing when to jump ship.
- mkr-hn 14y agoPeople consumed by a bubble mania find reasons to justify continuing even when an objective observer would say they need to stop. I don't know what would be different this time. Plenty of people saw the housing and tech crashes coming, but they were shouted down by the powerful hype machine that precedes every bust.
- rapind 14y agoAs an example, Canada's in a housing bubble right now, but when I tell my friends and family they should consider selling now and renting for a couple years they look at me like I'm wearing tinfoil.
- evolve2k 14y agoSign #52 that you are in a bubble, people start using the phrase 'It's different this time'.
- mkr-hn 14y agohttps://www.google.com/search?ie=UTF-8&q=boom+%22Its+different+this+time%22 https://www.google.com/search?ie=UTF-8&q=boom+%22Its+dif... I'm about to set the range to various booms and busts to see what people were saying.
- muyuu 14y ago"It's a new paradigm!" http://upload.wikimedia.org/wikipedia/commons/4/4b/Stages_of_a_bubble.png http://upload.wikimedia.org/wikipedia/commons/4/4b/Stages_of...
- muyuu 14y agoAll generations had plenty of bubbles. Maybe you were too young to have seen a previous one last time around, but certainly people in charge weren't.