Bubbles are round, soapy and full of air… Economic bubbles are not soapy, nor round, nor full of air…. but full of cash !! Times of growth when liquidity is abundant and rates of return are high are prosperous for creating bubbles because why would an investor put money on a 4% savings account when you can invest, say in technology or real estate and get a 10-15-20% annual return!!!

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