Popping bubbles

| 7 July 2009 06:56

I saw this post with cool pictures on popping bubbles and I thought about Alan Greenspan.  Sir Alan says you cannot recognize bubbles until after they have burst.  I think that’s nonsense – certainly in the case of the “Great Credit Bubble.”

Here’s a quote from the article for you inspired by the former Fed Chairman:

“…bubbles. Apparently they don’t pop, but instead rip and tear. How violent! But still so beautiful.”

Source

Popping bubbles – Joanna Goddard

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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