Our universe could be just one bubble in a vast froth
of other bubble universes.
A detection of such a spot with the predicted intensity profile would provide direct evidence for the existence
of other bubble universes.
That gets us an RPI in the 60s, better computer number than that, a winning conference record, and two better top end wins than almost
all of the other bubble teams.
In a sequence of images of a bubble logic device (starting at top left), a bubble travels around a ring and joins a caravan
of other bubbles.
Not exact matches
The housing
bubbles in Vancouver and Toronto — just like the
bubbles in Sydney, Hong Kong and
others — are the result
of ultra-low interest rates for longer and longer and longer.
However, if the economy is near or above its potential, as some measures indicate, it may merely cause faster - than - desired price increases, or a jump in stock and
other asset values that raise concerns
of a
bubble.
By encasing itself in a protective
bubble made
of fat, pR1SE could hop out
of its host cell — maybe even looking for
other cells to occupy.
For a long time this single, unpredictable event eclipsed
other growing problems such as the popping
of the technology
bubble that had been a huge job creator and wealth generator in the Pacific Northwest, and the gradual rise
of the Canadian dollar to parity that made Whistler less
of a bargain compared to Aspen or Vail.
I have no choice but to wait because businesses aren't built in
bubbles and I'm at the mercy
of other peoples» schedules.
That's the smallest
bubble I've ever seen relative to the scale
of other financial crises.
His web - based comic book venture
of the era, the eponymous Stan Lee Media, quickly burned through its capital like so many
other firms inflated by the tech
bubble.
Economists like Christopher Thornberg
of Beacon Economics say asset
bubbles become dangerous when they lead to
other imbalances in the economy.
But
others were sharply critical, insisting the program only blows more air into a housing
bubble on the verge
of collapse.
He noted that the
other time we had 80 %
of IPOs be unprofitable was in 1999, prior to the burst
of the tech
bubble.
Alas, the viability
of bitcoin and
other crypto assets does not depend on whether they are in a
bubble state or not.
MH: The
bubble of the 1990s has been called a dot.com
bubble, an internet
bubble and
other forms
of technological
bubble, but technology was only a vehicle for what basically was a financial
bubble.
Tufekci offers up a number
of recommendations for Facebook, including sharing data with outside researchers to better understand how misinformation spreads and the extent
of filter
bubbles, 1 acting much more aggressively to eliminate fake news like it does spam and
other objectionable content, rehiring human editors, and retweaking its algorithm to favor news balance, not just engagement.
[16:00] Pain + reflection = progress [16:30] Creating a meritocracy to draw the best out
of everybody [18:30] How to raise your probability
of being right [18:50] Why we are conditioned to need to be right [19:30] The neuroscience factor [19:50] The habitual and environmental factor [20:20] How to get to the
other side [21:20] Great collective decision - making [21:50] The 5 things you need to be successful [21:55] Create audacious goals [22:15] Why you need problems [22:25] Diagnose the problems to determine the root causes [22:50] Determine the design for what you will do about the root causes [23:00] Decide to work with people who are strong where you are weak [23:15] Push through to results [23:20] The loop
of success [24:15] Ray's new instinctual approach to failure [24:40] Tony's ritual after every event [25:30] The review that changed Ray's outlook on leadership [27:30] Creating new policies based on fairness and truth [28:00] What people are missing about Ray's culture [29:30] Creating meaningful work and meaningful relationships [30:15] The importance
of radical honesty [30:50] Thoughtful disagreement [32:10] Why it was the relationships that changed Ray's life [33:10] Ray's biggest weakness and how he overcame it [34:30] The jungle metaphor [36:00] The dot collector — deciding what to listen to [40:15] The wanting
of meritocratic decision - making [41:40] How to see
bubbles and busts [42:40] Productivity [43:00] Where we are in the cycle [43:40] What the Fed will do [44:05] We are late in the long - term debt cycle [44:30] Long - term debt is going to be squeezing us [45:00] We have 2 economies [45:30] This year is very similar to 1937 [46:10] The top tenth
of the top 1 %
of wealth = bottom 90 % combined [46:25] How this creates populism [47:00] The economy for the bottom 60 % isn't growing [48:20] If you look at averages, the country is in a bind [49:10] What are the overarching principles that bind us together?
The only
other times CAPE climbed like this was before the market crash
of 1929 and the bursting
of the tech
bubble in the early 2000s.
Important work like Mauboussin's and
others was thrust to the sidelines as the tech
bubble consumed the hearts and minds
of so many investors.
The
other problem that he argues is exacerbated by mass surveillance ad - targeting online business models is filter
bubbles — aka the strategy
of platforms using people's own biases as a tactic to keep them clicking by reductively feeding them more
of the same stuff.
Compared with
Other Bubbles, Bitcoin Is almost off the Charts Five - year price momentum of bitcoin vs. historic asset bubbles; priced monthly; logarithmi
Bubbles, Bitcoin Is almost off the Charts Five - year price momentum
of bitcoin vs. historic asset
bubbles; priced monthly; logarithmi
bubbles; priced monthly; logarithmic scale
It feels great to be one the right side
of a
bubble and terrible when it's the
other way around.
«Attention to
others» successes, and perhaps feeling left out, is part
of the emotional ambience
of a
bubble,» says Shiller.
But some
other critics have in a sense taken the
other side
of this trade, contending that if anything the formula underestimates the potential liability
of long - dated options by failing to adequately account for so - called tail risk — the prospect that the markets will collapse under the weight
of, say, a giant housing
bubble.
Still, bogus content on Facebook is arguably a symptom
of a bigger problem — the «filter
bubbles» created by blogs, social media, and
other distribution platforms that help people consume only information that appeals to their existing biases and opinions.
Stockmarkets in many
other economies are overvalued too, but a bursting
of the
bubble would claim many more victims in America than in Japan or Europe, partly because far more people own shares and partly because in recent years American households and companies have borrowed huge sums in the expectation that share prices will continue to climb.
So Bernstein concludes that «the crypto -
bubble will continue until the Fed and
other central banks remove too much liquidity from the economy, the availability
of «greater fools» decreases, and the
bubble deflates.»
«Investors remain hypnotized by Tesla's CEO... The enthusiasm for Tesla and
other bubble basket stocks is reminiscent
of the March 2000 dotcom
bubble,» Einhorn said on the Greenlight Capital Re first - quarter conference call Wednesday, according to a FactSet transcript.
The cyclically adjusted price - to - earnings ratio, which is a favorite metric
of Nobel Prize - winning economist Robert Shiller, suggests stock prices are higher than any
other time in history
other than the dot - com
bubble of 2000.
As the report inter alia notes, while the 2017 run - up in BTC had all the hallmarks
of a major
bubble and big setbacks have to be expected, in many
other ways we are witnessing an experiment that is only at its very beginning and will offer a great many opportunities.
Starting in the 1950s and accelerating during Japan's
bubble, keiretsu corporations purchased each
other's shares to form an extensive network
of cross-holdings, a practice that was seen as important for guaranteeing long - term stability and developing lasting business relationships.
Whether its the history
of Fed hikes, the evolving status
of central bank balance sheets, the comparisons
of the similarities between the tech
bubble and today, or any
of his
other perceptions, all should go a long way to assisting you to look at your own investment activity with a little more knowledge.
The investing public eventually became caught up in a contagious euphoria that was similar to that
of any
other historic
bubble and market crash.
The new report starts out with a summary
of recent events (the topics addressed are:
bubble & crash, hacks & scams, reaction & regulation and adoption & trends), an in - depth discussion
of whether bitcoin's surge actually deserves to be called a
bubble (which we found particularly interesting), and a section that deals extensively with the schism in the bitcoin community that led to the fork that created Bitcoin Cash (BCH) and
other offshoots.
A civil war, two world wars and
other conflicts, political upheavals, corporate scandals, energy crises, and a plethora
of asset
bubbles; despite all
of this and more, American industry has prospered and the US equity market has delivered attractive long - term returns.
In
other words, they climbed back to where they were at the height
of the
bubble.
Norwegian property prices have tripled since the mid-1990s, up nearly 30 % since the Great Recession as the oil - rich nation rode the coattails
of the commodities
bubble and has benefited from the same «flight to safety» capital flows that have benefited (and inflated
bubbles in)
other Nordic countries.
In Attack
of the 50 Foot Blockchain, David Gerard covers the origins and history
of Bitcoin to the present day, the
other cryptocurrencies it spawned including Ethereum, the ICO craze and the 2017 crypto
bubble, and the attempts to apply blockchains and smart contracts to business.
In its Q1 report, the financial institution centered on
bubbles throughout the monetary markets; for Q2 it's alerting buyers to the truth that we're nearing the «end
of a cycle like no
other.»
In July
of this year, the United States Securities and Exchange Commission (SEC) took a critical first step to rein in the growingly speculative
bubble surrounding these start - ups when it issued a report concluding that such coin offerings should be predominantly classified as securities offerings, and hence mandated to fall under registration, disclosure and
other requirements that apply to securities, regardless
of whether those securities are purchased with virtual currencies or distributed with blockchain technology.
Shiller is right that perfect equilibrium microeconomics can not explain asset
bubbles, but
bubbles might be explained by combining three
other classic postulates: the law
of demand, opportunity costs and the subjective theory
of value.
For now, the SEC has left the door open somewhat by not opting for something hyper - aggressive and tantamount to a blanket ban, which leaves some room for plausible deniability among SV bigwigs and
others when this
bubble pops and the SHTF (if not in the eyes
of the law, then at least for the sake
of face - saving in two years» time).
If that is not enough, Enron, WorldCom, Tyco and
other schemes that cost investors dearly, such as the recent mortgage - backed securities
bubble, provide adequate proof that the current corporate financial reporting system does not adequately serve the interests
of investors.
That quick recovery came courtesy
of a new
bubble in stocks, which in 2007 were more expensive by some measures than they had been at any
other point save the bull markets
of the 1920s or 1990s.
I don't know
of any
other time, not even the dot.com
bubble (how may
of us could get in on the IPO's anyway) where in only a 3 year time span, you could have turned so little money into so much wealth.
Though our standard methodology is less accurate at horizons shorter than about 7 years, the main sources
of that reduced accuracy are those two «
bubble» advances, one during the 1995 - 2000 period, and the
other during the 2005 - 2007 period.
On the
other side
of the duel are those that counter that, while tech stocks are perhaps not «cheap», their current valuations are nowhere near the nose - bleed levels
of a
bubble.
Thus, asset
bubbles in stocks and RE are also a reflection
of inflation that has not penetrated
other assets, yet.
While I believe markets are efficient when it comes to stocks, bonds, currencies and commodities and reflect all known information at the time, in the case
of bitcoin, and a few
other instances like the ONLY stock I've bought in over a year (now up big), when I start to see the mainstream media reporting on something, google search volume through the roof (chart below) and lastly, when your mom asks about it — it may be signaling mainstream acceptance and further expansion
of a major
bubble.