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April 14, 2005

More on bubbles

Amey Stone

Mark Little sent me this response to my earlier post on today's plethora of bubbles:

"I read (in a column in one of your competitor magazines) a comment I thought was particularly appropriate to your "Bubble" entry:

paraphrasing now ...

A bubble is not a bubble if you realize it while it is happening. It can only be observed in hindsight."

Thanks Mark!

03:19 PM

Economics

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