Attention Economy


Thursday, October 28, 2021

Beware of Asset Bubbles

 It's Becoming Tempting to Try Timing the Bubble Again
https://www.bloomberg.com/opinion/articles/2021-10-27/stock-bubble-timing-entices-again-with-tesla-topping-1-trillion
John Authers notes:
U.S. stock indexes are at all-time highs again. A Bitcoin will still cost more than $60,000. Tesla Inc. (likely revenue for this year: $51.1 billion) is worth $1 trillion. There’s a mighty plausible case that we have a bubble on our hands. So what?
 

No one seems worried about a housing bubble. Just like last time the bubble burst
https://www.cnn.com/2021/10/27/economy/housing-bubble-risk/index.html

Is this a Bitcoin bubble? The debate is roiling some of Wall Street’s most seasoned investors
https://fortune.com/2021/10/21/is-this-a-bitcoin-bubble-the-debate-is-roiling-some-of-wall-streets-most-seasoned-investors/
All Those Silly Crypto Ads Are Just the Tip of the Iceberg
https://www.bloomberg.com/opinion/articles/2021-10-28/crypto-ads-on-london-tube-paris-metro-subway-obscure-risks-of-bitcoin-doge
Viral economic narratives around crypto are designed to offer easy answers to a complicated world.
 
The Godfather, $700 Billion, and a Crazy Game of Chicken
https://www.bloomberg.com/opinion/articles/2021-10-28/chip-shortages-the-godfather-700-billion-and-a-game-of-chicken