By my count, we now have a stock bubble, a bond bubble, a gold bubble, a (new) housing bubble, a Bitcoin bubble, a debt bubble, a profit bubble, a margin bubble, a Fed bubble, a dividend bubble, a social media bubble, a health care bubble, and an [insert thing you don't like] bubble.
The word "bubble" didn't exist in economic textbooks 20 years ago, according to Yale economist Robert Shiller. How can something we didn't talk about before the mid-1990s suddenly infect every inch of the global economy?
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