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Read through the most famous quotes by topic #bubble
We are told that the trouble with modern man is that he has been trying to detach himself from nature... In this scenario, Man comes on as a stupendous lethal force, and the Earth is pictured as something delicate, like rising bubbles at the surface of a country pond, or flights of fragile birds. ↗
Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration "went to ridiculous lengths" to increase homeownership in the United State, promoting "paper-thin down payments" and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy. ↗
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price. ↗
