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