America: Bubbleland

Last post for the day - promise! Here's an interesting and somewhat amusing article about how the "new economy" has become a self-sustaining bubble-blowing machine. It's actually far more serious than it sounds. The long and short of it is that the economy may not longer be controllable by economists, politicians, or the Fed. Hmmm. Oh, and it sustains itself by building bubbles, popping them, building bigger bubbles, and so on. It's an interesting theory. If it's true, the question then is how to ride those waves up, bail out in time, and then reinvest into the next wave. Or something like that, right? :)

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