A Mania of Manias

Posted by straightlinelogic 10 years ago to Economics
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Tulips, the South Sea Bubble, the new economy, the housing bubble—at some point the greatest fool has bought into an absurdity and a market that could only go one way goes the other way, precipitously. If the tech wreck was a jump off a thirty-meter platform and the 2008 financial crisis a plunge off the cliffs of Acapulco, the end of this multiple-absurdity mania of manias will be a swan dive from the top of the Empire State Building into a two-foot wading pool.
SOURCE URL: http://straightlinelogic.com/2014/12/28/a-mania-of-manias-by-robert-gore/


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