Introduction

To follow the modern finance media is to be in a bubble bath, says Joe Walker. A dominant reason for the apparent proliferation of bubbles is simply our collective confusion about what they really are,. Our guest is charming behavioral macroeconomist Dr. Timo Henkel from the Australian National University. We talk about how to define bubbles, the psychology of bubbles, and why they are not so much born in the absence but with the help of good economic fundamentals.