Gerry Canavan

the smartest kid on earth

Every Financial Bubble Begins with a Disturbance

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There’s another name for what happens when people start to make money out of speculation and hype: it’s called a bubble. Like the dotcom bubble, the commercial real estate bubble, the subprime mortgage bubble, the credit bubble and the derivative trading bubble before it, the DIY epublishing bubble is inflating around us. Each of those other bubbles also saw, in their earliest stages, a great deal of fuss made over a “new” phenomenon, which was then over-hyped and over-leveraged.

From the comments on the last post: Ewan Morrison on “the self-epublishing bubble.”

Written by gerrycanavan

January 30, 2012 at 10:50 pm

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