The next bubbles?

posted by
May 30, 2011
by Karen Kwiatkowski  
Posted in Commentary

"One of the key features of a bubble ready to pop is that a small number of intimate observers of the situation begin cry into the wilderness, often pointing to certain fundamental flaws, or unnoticed oversights. These observers and participants who warn of a coming collapse or bursting bubble may be thought of as canaries in a mineshaft. But unlike the humble canary, whose song is welcomed because it means the system parameters are still solid, the naysayers, the cautious critics, and the wise proactive analysts tend to be ignored by the 'investors' when they sing, and these canaries are pressured to go silent. Certainly this is the case of those who challenge the idea that the congressionally forced U.S. taxpayer funding of Israel’s defense industry is a worthwhile investment in American security." (05/30/11)  

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