This is where a strong, long - term record comes in useful — it is easier to have confidence in a «crackpot» if they have previous form (e.g. having stubbornly avoided an event like the 1999 tech - stock bubble).
«Noting the previous «techbubble» and «housing bubble» that led to big ups and then downs, Olsen said the current cycle might be called the «great adventures in central banking» bubble.