Blowing Bubbles for Fun and Profit, by Gary Christenson
Editor’s Note: This article by Gary Christenson of The Deviant Investor first appeared in the Miles Franklin blog, and is re-posted with permission. It was selected by JWR — not solicited. Miles Franklin can be contacted at: 1-800-822-8080. — Bubbles, like a cocaine high, are fun while they last. History confirms that bubbles and cocaine are enjoyable, because central banks blow many bubbles and the U.S. imports a large quantity of cocaine. Bubbles are fun, but they extract a price. There is no free lunch. Examples: 2019: The Everything Bubble. It hasn’t crashed yet, but there are many bubble piercing objects …