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Popping bubbles

Posted by Edward Harrison on 7 July 2009 at 6:56 am

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

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Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former strategy and finance executive with twenty years of business experience. He started his career as a diplomat and 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. He is a regular contributor at Seeking Alpha, Naked Capitalism, and Roubini Global Economics. Edward has often spoken on television and radio in the US, the UK, Canada and Russia. Contact him at edh at creditwritedowns dot com to schedule a media appearance or for a question about this site.

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