Re:Well-behaved bubbles often make history
by ffggvv on Wednesday June 16, 2021 @02:09AM
(#27525402)
agree but it’s not even just that.
it can just be a plain bubble even if everyone buying it has enough money to afford it. there’s been plenty of bubbles that didn’t involve leverage or loans at all. people simply got crazy and paid ridiculous amounts for assets far above intrinsic value. and when at some point something happens to the asset, it has a far way to fall.
it can just be a plain bubble even if everyone buying it has enough money to afford it. there’s been plenty of bubbles that didn’t involve leverage or loans at all. people simply got crazy and paid ridiculous amounts for assets far above intrinsic value. and when at some point something happens to the asset, it has a far way to fall.