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People 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 dif
by mkr-hn 14y ago
People 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.