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I think the inherit nature of bubbles means that it's almost impossible to accurately predict the fallout. Sure, there were investors that bet against credit d
by tmuir 11y ago
I think the inherit nature of bubbles means that it's almost impossible to accurately predict the fallout. Sure, there were investors that bet against credit default swaps, but it was still a bet, or calculated risk.
If such predictions were easy to make, bubbles wouldn't occur, at least at the scale of the dot com and housing bubbles.
- gbog 11y agoWhat's easy to predict, though, is who will benefit from the burst: Chinese big four will likely be the winners. (Protected on their back by the gov, they also have the lucrative commerce in their hands, and they'll harvest all the engineers from the failed start-ups.)