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Bubbles are notoriously difficult to predict. They have a

Posted on: February 21, 2020 at 21:53:40 CT
JeffB MU
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life of their own.

When they pop, catastrophe inevitably ensues.

Nobel Prize winning mainstream economist, Paul Krugman, admitted how clueless they were in the run up to "The Great Recession":

How Did Economists Get It So Wrong?
http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html
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If the Austrians are right, & I think they are, Trump's bigg - JeffB MU - 2/21 16:48:03
     you guys are really flailing at this, time to educate - Savage KC - 2/22 07:15:05
     There has to be a catalyst to “burst” a bubble - tiger4real MU - 2/21 18:36:15
          The bubble... A link to the monetary base... - JeffB MU - 2/21 20:47:56
               So what happens next? - tiger4real MU - 2/21 21:29:50
                    Bubbles are notoriously difficult to predict. They have a - JeffB MU - 2/21 21:53:40
                         I remember a seminar hosted by The Economist a little while - JeffB MU - 2/21 22:05:48
                              I remember it well, only it didn’t go BOOM in my mind - tiger4real MU - 2/21 22:21:32
                                   The government bailed out the US & many banks around - JeffB MU - 2/21 22:37:17
                                        The only thing that could stop the US - tiger4real MU - 2/21 22:45:18
                                             No one foresees when bubbles will pop. Even those - JeffB MU - 2/21 23:08:20
                         Paul Krugman has been wrong most of his career - tiger4real MU - 2/21 22:01:38
                              Actually, there have been quite a few around the world - JeffB MU - 2/21 22:23:16
                                   In 2008 it sure happened to us, that’s for sure. - tiger4real MU - 2/21 22:36:43
                                        It's probably not the end of the world, but many countries - JeffB MU - 2/21 22:41:55
                                             Democracy helps(nm) - tiger4real MU - 2/21 22:49:28
                                                  Yes, but the US republic seems a lot more brittle and less - JeffB MU - 2/21 23:18:12
          They were saying the same thing before 'The Great - JeffB MU - 2/21 20:15:28
               He nailed it, for sure. - tiger4real MU - 2/21 21:22:05
                    Current debt per family is $893,223 not counting - JeffB MU - 2/21 21:37:57
                         RE: Current debt per family is $893,223 not counting - tiger4real MU - 2/21 21:50:35
                              As Peter Schiff noted, those values can be illusory. As my - JeffB MU - 2/21 22:54:23
          true And with the world economy down inflation is not likely - TigerFan92 MU - 2/21 20:07:26
          Bubbles are solely created by interventionist gvmt - pickle MU - 2/21 19:18:11
               The Austrian Business Cycle Theory is after all, a theory - tiger4real MU - 2/21 20:03:50
                    It’s not predictive; it’s descriptive - pickle MU - 2/21 20:34:13
                         Name a few..?(nm) - tiger4real MU - 2/21 21:31:27
                              the housing bubble, the dot com bubble - pickle MU - 2/21 22:18:25
                    The Great Depression happened shortly after the Federal - JeffB MU - 2/21 20:22:03
          lol - meatiger MU - 2/21 18:57:13
               I think you meant debt is valued too “high” ? - tiger4real MU - 2/21 20:07:00
     2020 baked in. Have you seen the Democrat.... - JayRoy KC - 2/21 18:28:29
          Not sure what you mean. Could you expound upon that a little - JeffB MU - 2/21 20:25:06
     The Austrians are right. - ummmm MU - 2/21 17:41:49
          It would happen anyway - pickle MU - 2/21 20:32:42
               I'm pulling for Trump as the alternatives are horrid, but he - JeffB MU - 2/21 21:02:55
          Nooooop(nm) - TigerFan92 MU - 2/21 20:06:33
          Whichever side it is - meatiger MU - 2/21 18:54:52
          The Austrians are right like a broken clock is right 2x - SparkyStalcup MU - 2/21 17:59:32
               Oh okay (nm) - ummmm MU - 2/21 18:27:27
          less than 10% of voters will pay attention to anything - 90Tiger STL - 2/21 17:51:21
               Fewer (nm) - MrBlueSky MU - 2/21 18:06:29
                    would fewer be less than 10% still? I have you in that - 90Tiger STL - 2/21 18:12:44
                         You correct people in the same manner all the time. - MrBlueSky MU - 2/21 18:30:02
                              they weren’t early humans (nm) - pickle MU - 2/21 19:29:16
                                   Yes there were. - MrBlueSky MU - 2/21 20:51:28
                                        it’s amazing how ****ing stupid you are (nm) - pickle MU - 2/21 22:20:28
                                        lmfao (nm) - 90Tiger STL - 2/21 21:30:33
                         He's firmly in that group. (nm) - ummmm MU - 2/21 18:28:24
                              lol (nm) - MrBlueSky MU - 2/21 18:30:41
                                   he’s right - pickle MU - 2/21 19:32:33
                                   I'm sorry, but it is true. (nm) - ummmm MU - 2/21 18:48:34
          Lol, Trump is not stupid. Why all the trade deals in the - Savage KC - 2/21 17:50:15
     it will pop, some time, and the Rs and Ds will spend 20 - 90Tiger STL - 2/21 17:30:43




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