By David Wiedemer
America’s Bubble economic climate is the 1st ebook to target numerous simultaneous monetary bubbles which are interacting to briefly boost—and eventually threaten—the usa and global economies. choked with specialist research and immediately speak, this ebook will enable you to flip the arrival monetary transformation right into a once-in-a-lifetime wealth-building chance.
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Additional info for America's Bubble Economy: Profit When It Pops
Instead, investors have spent two decades making stock values defy gravity in a flurry of excitement that bestselling author Robert Shiller beautifully described in his book Irrational Exuberance. As we said before, perceived value is all it takes to set the price in any marketplace. But not forever. At some point, economic gravity kicks in, investors pull out, and the bubble pops. qxp 8/8/06 1:38 PM Page 12 America’s Bubble Economy If a 10-fold increase in 20 years is not enough evidence for you, another way to decide for yourself if there is or is not a bubble in the stock market is to look at an old standby for assessing stock value—the price-to-earnings (PE) ratio.
It’s true that a growing number of people are beginning to notice some cracks in our surface prosperity. Some are even starting to reposition their assets in anticipation of the coming changes ahead. But by far the majority of folks are simply going along as if all is well. qxp 8/8/06 1:39 PM Page 38 America’s Bubble Economy and will probably never occur again. When our bubbles burst, and there is really no way we can avoid it at this point, they will burst relatively quickly, as a group. The unfortunate truth is the simultaneous bursting of several linked financial bubbles will catch many, many otherwise intelligent people totally by surprise.
In time, additional people—not wanting to miss out—join in, further inflating the bubble. Soon critical mass is reached and nearly everyone wants a piece of the action, further driving up demand and therefore the price. Artificially elevated asset values can continue for quite a while as long as everyone keeps playing the game. But as soon as some bit of reality interrupts the game and triggers a sell-off, people then rush to get rid of the nownot-so-valuable asset. Demand drops, the bubble bursts, and asset values crash back to earth.