I remember a college "introduction to economics" class where the professor asserted that in this new technological age, the typical economic cycles of growth and recession were obsolete; that from here on out it was just growth growth growth.
This was in 1999.
This is the basis for my new bubble investment strategy. You wait until you start reading articles about how X is going to go up forever, then you want 3 months, and short X. They said the same thing about housing prices.
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I remember a college "introduction to economics" class where the professor asserted that in this new technological age, the typical economic cycles of growth and recession were obsolete; that from here on out it was just growth growth growth. This was in 1999.
This is the basis for my new bubble investment strategy. You wait until you start reading articles about how X is going to go up forever, then you want 3 months, and short X. They said the same thing about housing prices.
Nice. That sounds like a professor that shouldn't be listened to. I wonder how much of his retirement money got lost in the .com bubble?