Popping bubbles

By Edward Harrison On Jul 7, 2009

I saw this post with cool pictures on popping bubbles and I thought about Alan Greenspan. Sir Alan says you cannot recognize bubbles until after they have burst. I think that’s nonsense – certainly in the case of the “Great Credit Bubble.”

Here’s a quote from the article for you inspired by the former Fed Chairman:

“…bubbles. Apparently they don’t pop, but instead rip and tear. How violent! But still so beautiful.”

Source

Popping bubbles – Joanna Goddard

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Links: 2009-07-07

Banks to stop accepting California’s IOUs

2 Comments

David_Merkel says 12 years ago

Cool picture, Ed. Thanks for sharing it.
1. Edward Harrison says 12 years ago
  
  Very cool, I thought too.

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