Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Thursday, November 18, 2010
I'm forever blowing
bubbles the normal rise and fall in capital values of risky assets
Yes, exactly right. Not every increase in asset prices is a bubble, not every fall (even if that fall happens to be inconvenient for leveraged longs) is a bubble-bursting. The definition of a bubble is that it's a self-sustaining, self-reinforcing feedback loop - if prices are going up because some outside influence is propping them up, that isn't a bubble.
this item posted by the management 11/18/2010 03:02:00 AM