Every Bubble Is In Search Of A Pin

in #economy6 years ago

"Every bubble is in search of a pin."

Many are obsessing over what the "pin" will be that causes the Bubble of Everything to pop. History shows this is a waste of time.

What is important is to consider what the aftermath will be and the pain it will cause.

History shows that two things are required for bubbles. The first is a compelling story with the seonc being ample credit. Both are required.

If one is absent, the bubble is done.

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