Will the bubble of everything end worse than previous bubbles?
Oct 28, 2021
12 Comments
In my life I have seen a dot com bubble, a housing bubble and a financial bubble.
Looks to me that we are in the everything bubble (stock market, oil, housing, crypto, etc).
When things burst, will things be much worse than in previous single segment bubles?
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Booming 20s were followed by the great depression decade.
There was a long period of industrialization after civil war until the 1920s. Lead to similar levels of inequality as today. 20s saw unprecedented stock activity due to newly introduced margin trading. And then it came crashing down.
Right now the US basically has a monopoly due to the US dollar dominance.
Also, been reading some of Bethany McCleans writings. She is of opinion not much in terms of accounting regulations really changes since then / we are ripe for things to start exploding.