Not exact matches
Bubbles typically
occur when investors purchase
assets with the expectation of short - term gains because of rapidly rising prices.
The Fed heads dating back to at least Alan Greenspan always remark that it's impossible to know whether or not an
asset bubble is
occurring until after it pops.
Rapid money supply growth with no consumer price inflation can only really
occur within the confines of an
asset price
bubble, or else, where does the money go?
The current one is particularly hair - raising because it's
occurring amid the first truly global
bubble in
asset pricing.
Although many mainstream analysts continue to deride bitcoin as a
bubble, Novogratz — who now says that as much as 30 % of his net worth is invested in crypto
assets — believes that the markets are still far too small to be considered a repeat of the dotcom
bubble that
occurred at the turn of the millennium.