Chapter 15 - Bubbles

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Chapter 15 - Bubbles

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Category:Economy, Energy, Environment » Crash Course

Title:Chapter 15 - Bubbles

Description:Chapter 15 (Bubbles): Throughout the long sweep of history, the bursting of asset bubbles has nearly always been traumatic. Social, political and economic upheavals have a bad habit of following asset bubbles, while wealth destruction is a guaranteed feature. Four characteristics of bubbles are observed: that they are self-reinforcing on the way up (higher prices become the justification for higher prices); once they pop, the game is suddenly and permanently over; they are roughly symmetrical in time they take to peak and fall; and they are roughly symmetrical in price, returning to their pre-bubble status. Dr. Martenson concludes that the housing bubble is itself just a symptom of a credit bubble, leaving a final catastrophe of the currency as our most likely outcome. Click below for Chapter 16 - Fuzzy Numbers

Website (URL):http://www.holisticliving.co.nz/members/holisticliving/video...

Uploaded By:PeacefulWarrior

Date Added:2009-04-24 06:25:08