3 ms·

Is it an example of creative accounting? (Yes) Is creative accounting an essential indicator of the boom times before a bust? (yes) Will more and unexpected cre

Is it an example of creative accounting? (Yes) Is creative accounting an essential indicator of the boom times before a bust? (yes) Will more and unexpected creative accounting emerge when the tide goes out and leaves everyone exposed? (yes) Can you predict precisely when the bust will happen or what will precipitate it? (No)

r_lee 1y ago
IMO you CAN predict, but with the busts it's not like there's a set timeline, it usually takes a sudden dip in confidence, some of which we are seeing right now, but nobody ever in humanity has gone all out just because we are questioning whether there is a bubble. So some kind of major scandal and catalyst where everything goes wrong at the same time or etc. it likely won't burst even if everyone agrees that there is a bubble, it's only when things are so ridiculous that you literally must be hallucinating to believe whatever you're believing so far there's still plenty of hype and partying. just my 2 cents