A Short History Of Bubbles: Why This One Is Epic

Excesses over the past (almost) decade have been in the "Roaring Twenties" caliber: Prolonged, deeply structural and accompanied by epic misperceptions. There's no mystery why markets regress into a dysfunctional mechanism that hears no evil, sees no evil and speaks no evil. Given time (and ample "money" and Credit), asset inflation trumps worry; greed conquors fear.

 

 

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