{"id":22952,"date":"2017-02-23T18:07:49","date_gmt":"2017-02-23T23:07:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22952"},"modified":"2017-02-23T18:08:22","modified_gmt":"2017-02-23T23:08:22","slug":"its-bubble-time","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22952","title":{"rendered":"It\u2019s Bubble Time!"},"content":{"rendered":"<div class=\"article-header\">\n<div class=\"article-photo\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"imagecache imagecache-article_photo\" title=\"\" src=\"https:\/\/www.peakprosperity.com\/sites\/default\/files\/imagecache\/article_photo\/content\/article\/article-photo\/blowing-bubbles-small-113406397_1.jpg\" alt=\"\" width=\"300\" height=\"208\" \/><\/p>\n<div class=\"field field-type-text field-field-article-photo-caption\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">\n<p>Shutterstock<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"article-details\">\n<h3 class=\"title\"><a href=\"https:\/\/www.peakprosperity.com\/blog\/107243\/it\u2019s-bubble-time?utm_source=dlvr.it&amp;utm_medium=facebook\">It\u2019s Bubble Time!<\/a><\/h3>\n<div class=\"article-lede\">\n<div class=\"field field-type-text field-field-lede\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><strong>Wisdom &amp; discipline will separate winners from victims<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"author-link\"><\/div>\n<\/div>\n<\/div>\n<div class=\"content clearfix\">\n<p>It&#8217;s impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction. But my personal bet is:\u00a0<em>A lot!<\/em><\/p>\n<p>For my reasons why, take a few minutes to watch the chapter on bubbles below from\u00a0<a href=\"https:\/\/www.peakprosperity.com\/crashcourse\" target=\"_blank\">The Crash Course<\/a>. For those who haven&#8217;t seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted:<\/p>\n<div class=\"eminline-wrapper\">\n<div class=\"emvideo emvideo-video emvideo-youtube\"><iframe loading=\"lazy\" id=\"media-youtube-html5-1\" class=\"media-youtube-html5\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/7KpwrJHC6_0?list=PLRgTUN1zz_ofJoMx1rB6Z0EA1OwAGDRdR?version=3&amp;autohide=1&amp;fs=1&amp;modestbranding=1&amp;rel=0&amp;wmode=transparent&amp;showinfo=1\" width=\"480\" height=\"295\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>Bubbles make no sense economically. Or rationally. But they happen all the time as a part of the human condition.<\/p>\n<p>Even while financial bubbles are enabled by dumb monetary and banking decisions, their actual genesis is rooted in primal human emotions.\u00a0<em>Greed<\/em>\u00a0on the way up, and\u00a0<em>fear<\/em>\u00a0on the way down.<\/p>\n<p>The hardest part about these bubbles is not being swept up in them. \u00a0As the above video shows, history is chock full of asset bubbles. We humans just never seem to learn. Like Charlie Brown&#8217;s endless attempts to kick Lucy&#8217;s football, we get suckered in by the promise of easy riches, only to end up flat on our back when the market suddenly yanks that promise away.<\/p>\n<p>Wash, rinse, repeat.<\/p>\n<p>Most of you reading this might be thinking \u201cHey, I\u2019m a reasonable intelligent person. I won&#8217;t fall victim to the next bubble.\u201d Perhaps, but maybe not. The numbers say that the majority of you will. Unfortunately, being smart &#8212; even a genius &#8212; is no protection against being ruined by a bubble.<\/p>\n<p>Remember from the video that even Sir Isaac Newton, easily one of the most brilliant humans ever to live, got his clock cleaned by the South Sea Bubble:<\/p>\n<p class=\"rtecenter\"><img decoding=\"async\" src=\"http:\/\/media.peakprosperity.com\/images\/Newton-Gets-Poor-2017-02-22.jpg\" alt=\"Newton Poor Chart\" \/><\/p>\n<p class=\"rtecenter\">(<a href=\"http:\/\/www.cardencapital.com\/sir-isaac-newtons-biggest-mistake\/\" target=\"_blank\">Source<\/a>)<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shutterstock It\u2019s Bubble Time! Wisdom &amp; discipline will separate winners from victims It&#8217;s impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction. But my personal bet is:\u00a0A lot! For my reasons why, take a few minutes to watch the chapter on bubbles below from\u00a0The Crash Course. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[88,1799,9958,14882,536,2218,14883,1138,753],"class_list":["post-22952","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bonds","tag-bubbles","tag-chris-martens","tag-isaac-newton","tag-money","tag-peak-prosperity","tag-south-sea-bubble","tag-stock-market","tag-stocks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22952"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22952\/revisions"}],"predecessor-version":[{"id":22954,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22952\/revisions\/22954"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}