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Which is one of the positive effects of financial bubbles - they create irrational local excess of cash that is largely wasted, but every now and again it beget
by DenisM 12y ago
Which is one of the positive effects of financial bubbles - they create irrational local excess of cash that is largely wasted, but every now and again it begets a new life form that couldn't come to existence in a more rational bubble-free universe.
- balabaster 12y agoThe smart person [like Elon et. al.] knows when to jump on the bandwagon of the bubble and jump off before the bubble bursts. Leveraging everyone else's wasteful behaviour for their own gain.
- IndianAstronaut 12y agoMuch of the infrastructure and development in Florida resulted from a bubble. http://www.economist.com/node/12792903 http://www.economist.com/node/12792903