Newton's Alchemy
"Age of Miracles"
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Bull Markets and Bear Markets Are Natural Parts of the Cycle
Bull markets invite scams and unproductive re hashings of old ideas, but they also create an environment in which risk taking is celebrated. Investors flooding the market with cash is a feature, not a bug. And i'll say this for tack bubbles, they're productive. Especially compared to banking bubbles. The depressing part of the two thousand eight global a crisis, aside from the bankruptcies and the families losing their homes, was just how useless it was. We didn't emerge from the g f c with a metaphorical overabundance of fibre that would power the inter nets explosion in the next wave. Having spent so much time in the former, we're overdue for the latter.
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