US Exceptionalism and Asset Bubbles

Why This Frothy Market Has Me Scared
https://www.wsj.com/finance/stocks/why-this-frothy-market-has-me-scared-295c07c3
When investors are wildly optimistic, it is much harder for the market to rise and much easier for it to fall on any hint that they might be wrong.

How ‘the mother of all bubbles’ will pop by Ruchir Sharma
https://www.ft.com/content/9a0da0d6-92b4-4034-ac25-7b4abcbb0bbe
The mother of all bubbles by Ruchir Sharma
https://www.ft.com/content/49cca8d7-7b6e-47e3-a50c-9557d7c85fc0 

Crypto, Stocks, and Wacky ETFs Are Going Wild. Will Things End Well?
https://www.barrons.com/articles/stock-market-crypto-etfs-88aa2496

How Long Will the Trump Crypto Boom Last? By John Cassidy  
https://www.newyorker.com/news/the-financial-page/how-long-will-the-trump-crypto-boom-last

Why the U.S. Economy Is Trouncing Europe’s
https://www.wsj.com/opinion/the-us-economy-wasnt-built-in-a-day-why-europe-struggles-to-keep-up-with-america-successful-risktaking-e0d55c7a
Americans do worse in education scores, but the Continent lacks the U.S. risk-taking culture.

Are American pathologies the necessary price of economic dynamism?
https://www.ft.com/content/a757fb35-889b-46a7-b32c-5e8e254f6450

Why America’s economy is soaring ahead of its rivals
https://www.ft.com/content/1201f834-6407-4bb5-ac9d-18496ec2948b