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I want to be taken seriously as the type of musician that plays stuff like an electric rake. I mean, how seriously do you take someone like Spike Jones? They take him pretty seriously - a really good musician who made a great contribution in terms of humor, which is part of what I try to do too. ↗
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. ↗
