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That's interesting, I didn't know about the alpaca bubble. Now I'm fascinated. Googling a bit I found an article http://www.nytimes.com/2004/11/28/national/28a
by hughprime 17y ago
That's interesting, I didn't know about the alpaca bubble. Now I'm fascinated.
Googling a bit I found an article http://www.nytimes.com/2004/11/28/national/28alpaca.html?pagewanted=1&oref=login http://www.nytimes.com/2004/11/28/national/28alpaca.html?pag...
implying that the "people are realizing this is a bubble" stage of the bubble stretches as far back as 2004. And one guy quoted in the article says:
When I started, I would tell people I thought the market would be good for another five years. Well, I've been saying that for 15 years
Still, alpacas wouldn't be the first bubble in a useless commodity to stretch on for several generations. (That honour belongs, I suppose, to gold -- a bubble at least five thousand years old and still going strong.)
- ShabbyDoo 17y agoI read this paper awhile ago. I'm no agricultural expert (odd for a guy only one generation removed from commercial farming), but it made economic sense. http://www.agecon.ucdavis.edu/extension/update/articles/v9n3_2.pdf http://www.agecon.ucdavis.edu/extension/update/articles/v9n3...