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Junk science comes to finance. Al Gore for FED CHAIRMAN:
Nov 12 13:45 pm
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All Comments by cyclingscholar »Defining a Depression [View article]
" A bubble is a self-reinforcing boom in the price of an asset class, typically caused by cheap financing, "
Sorry dude that is not a definition which is empirically testable and falsifiable, so the rest of your longwinded post is complete drivel more suited for a Joe Biden speech than an entry on a classy website like Seeking Alpha. What is a "boom"....a 20% surge? a 200% surge? A 2000% surge? Is it like love..ya know it when you see it?
Junk science is bad enough. Junk SOCIAL science...well, I always thought finance was immune to it.
cyclingscholar