«...since the March lows, the S&P has risen by 58 percent; the NASDAQ is up 67 percent. Emerging markets (as measured by the MSCI index) have soared 95 percent. Commodities of all kinds are rising, with crude oil up 132 percent from its February lows and gold hovering around record highs.
"We've just gotten very speculative in our behavior, and it's a change that will likely last. I'm inclined to say that we're seeing a new bubble," says Shiller.
Or, more accurately, an echo bubble. It's a term economists use to describe the smaller bubbles that follow on the heels of major ones, usually after the authorities helicopter in loads of cash to patch up the first round of damage, setting the stage for a second round of easy-money-driven speculation.
Newsweek
11/11/2009
Echo Bubble: 'We Are in the Next Financial Bubble'
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Bolhas financeiras, Echo-bolhas, e bolhas ecológicas e energéticas. O mundo terá cada vez mais de se haver com estas crises sistémicas ciclicas, que resultam da irresponsabilidade governativa e da existência de lobbys variadissimos nestes campos.
Se nada for feito teremos um mundo ainda em pior saúde do que actualmente. ninguém duvide disso. E não é com tretas obamianas ou socráticas, ou Barrosistas, que lá chegamos.
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