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There was a WSJ article which basically showed that most of the "bubbles" were not a problem until people started borrowing money to invest. Once you start getting a bubble of debt, that is the point to be scared.
We've had the internet bubble, the housing bubble, now we are in the final stages of the government bubble.
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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