I am hard-pressed to recall when any sort of bubble was accurately identified in real time on the cover of a major media publication. If anything, the opposite is true. — Barry Ritholtz
3 thoughts on “Bubble Bubble”
Corollary: for every economist/ finance professional predicting a bubble, there’s someone saying there is not. Assuming these predictions are not tied to a date or range of dates, atleast 50% are correct at any point in time
Along a similar line I like to note Andrew Odlyzko’s commentary on the history and dynamics of investment bubbles. He has written quite a bit on the subject – this is a brief First Monday summary… his work on the English rail mania of the 1840s is enlightening and great fun to read.
I am a long time reader of Andrew’s reports and books so totally agree with you on your recommendations 🙂
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