Fed up

A Note to the Bubble-Phobes

I couldn't agree more with the previous posters that many bubbles are not that hard to spot well before they burst. The S&L fueled real estate crisis, the stock market bubble of the 90's, and the recent housing bubble were all quite obvious. When a market by all reasonable measures is way overpriced, every Tom, Dick and Harry is jumping on board, and the market is as corrupt as your local drug dealer, you might have a bubble. Duh. The only surprising thing is that our esteemed leaders don't take action to even address the corruption until the damn bubble pops. Don't any of them have the gumption to take away the punch bowl when the party is laying facing down in the gutter? Really now, the corrupton we tolerate in our economic system is appalling and has much to do with the excessive swings from boom to bust.