Popping bubbles
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
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 and reads another five, skills 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. Edward also writes a premium financial newsletter. Sign up here for a free trial.
