Gyroscopic Investing

[quote=http://conference.nber.org/confer/2015/ ... Taylor.pdf]What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit booms asset price bubbles increase financial crisis risks; upon collapse they tend to be followed by deeper recessions and slower recoveries. Credit-financed house price bubbles have emerged as a particularly dangerous phenomenon.[/quote]

MachineGhost wrote:

http://conference.nber.org/confer/2015/EASE15/Jorda_Schularick_Taylor.pdf wrote:What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit booms asset price bubbles increase financial crisis risks; upon collapse they tend to be followed by deeper recessions and slower recoveries. Credit-financed house price bubbles have emerged as a particularly dangerous phenomenon.

Then it's a good thing that we're too smart to fall for one of those again!
Oh, wait...

Libertarian666 wrote:

MachineGhost wrote:

http://conference.nber.org/confer/2015/EASE15/Jorda_Schularick_Taylor.pdf wrote:What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit booms asset price bubbles increase financial crisis risks; upon collapse they tend to be followed by deeper recessions and slower recoveries. Credit-financed house price bubbles have emerged as a particularly dangerous phenomenon.

Then it's a good thing that we're too smart to fall for one of those again!
Oh, wait...

I'm forever blowing bubbles
Pretty bubbles in the air
They fly so high, nearly reach the sky
Then like my dreams they fade and die

Fortune's always hiding
I've looked everywhere
I'm forever blowing bubbles
Pretty bubbles in the air

I'm f-f-forever b-b-blowing bubbles
Pretty bubbles in the air
They f-f-fly so high, nearly reach the sky
Then in my d-d-dreams they fade and d-d-die

Fortune's always hiding
I've looked everywhere
I'm f-f-forever b-b-blowing bubbles
Pretty bubbles in the air

I'm forever blowing bubbles
Pretty bubbles, no more troubles
Pretty bubbles in the air