Bubble Economics!

BUBBLE ECONOMICS! When testifying before Congress Allan Greenspan famously said “Bubbles generally are perceptible only after the fact. To spot a bubble in advance requires a judgment that hundreds of thousands of informed investors have it all wrong. Betting against markets is usually precarious at best.” How do you spot a bubble while it’s occurring? It’s a little daunting if the world’s most celebrated central banker says it’s very difficult if not near impossible to do. But you need to remember that Greenspan is the King of Bubble Economics as William A. Fleckenstein wrote in his book Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve, “Greenspan bailed out the world’s largest equity bubble with the world’s largest real estate bubble.” You see in the above quote from the Bubble King himself, he refers to “hundreds of thousands of informed investors”. But informed investors […] 150
By | 2018-09-21T12:10:43+00:00 January 31st, 2018|Equities, General|1 Comment


OBIKE I love coming to Melbourne. Not only is it a chance for me to catch up with friends and investors at events such as the Calnan Flack Investment Club Meetings and Forecasting Conference, it’s also a fantastic city where the impact of the economic drivers are as plain as day for all to see. The social and economic impact of the ‘Free Inner-City Trams’ is evident by the sheer numbers of commuters using the service. It was only a few years ago that my now almost forgotten Myki Card was one of the first things I packed when coming across from Adelaide. It still amazes me how busy these trams are well into the night. In Adelaide catching any form of public transport is generally considered an individual sport, but catching a tram at 10pm at night (assuming you can find […] 150
By | 2018-09-21T12:12:22+00:00 January 18th, 2018|Cycles|1 Comment