2.07.2006

The Next Bubble

Is there another asset bubble in store for us after stocks and real estate? What would it be?

Gold is a good bet. It has a history of being used to hedge value in times of uncertainty.

Tulip bulbs have a brief but florid history as an asset bubble in the Netherlands about the year 1600. People are still talking about that one, as you can imagine. Can you think of what it would be like to have people as nutso about tulip bulbs as they were about dot coms? As an enthusiastic gardener, it sounds fun.

Maybe it is illegal drugs? No, I think it would have to be something legal.

Newsprint? Just a joke.

No, Econo-Girl's bet is on gold.

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