Charles Hugh Smith’s Substack ~> All Bubbles Pop

Posted on August 2, 2023 by michael burgwin

The problem with bubbles of received wisdom and herd-euphoria is conditions change but the risk of something untoward happening is still perceived as inconsequentially low.

CHARLES HUGH SMITH JUL 28, 2023 READ

All bubbles pop–and not just stock market bubbles. A speculative bubble is a psychological-social phenomenon in which confidence in the stability of future gains reaches levels where doubts are banished and risks have dissipated into thin air. This confidence can be euphoric or it can be the baseline: this (guaranteed gains) is the way the world works.

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About michael burgwin

A child of the peace and antiWar movements, a Truther with self-diagnosed Opposition Defiance Disorder, formerly politically liberal tho now politically marooned, and Post-Doomer, on any issue, I trend to the conspiracy side, sort through the absurd, fantastical and insane, until I find firm ground usually located just the other side of the censorship firewall of propaganda and orthodoxy, dogma, and other either / or thinking.
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