Most mainstream economists and economic commentators, the same group that didn't foresee the housing crisis and Great Recession, are now saying that the economy is on the "road to recovery" as the housing market and consumers slowly but surely heal.
What these mainstream economists do not realize is that our bubble problems didn't end with the housing bubble. The very same socio-psychological and monetary factors that caused the last decade's housing bubble and other excesses have created several other bubbles that have not popped yet.There are many bubbles that are still expanding and providing an illusion of economic strength, while threatening to devastate the global economy upon their inevitable popping.
I've identified eight still-expanding bubbles and have developed an acronym to help easily remember them: "CCC Aches," which I will refer to as the "CCC Aches" Bubbles. "CCC Aches" stands for China, Commodities, Canada, Australia, College, Healthcare, Emerging markets and Social media.
I invite you to read more about these bubbles:
"Beware of the "CCC Aches" Bubbles" (Introduction article):
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Most mainstream economists and economic commentators, the same group that didn't foresee the housing crisis and Great Recession, are now saying that the economy is on the "road to recovery" as the housing market and consumers slowly but surely heal.
What these mainstream economists do not realize is that our bubble problems didn't end with the housing bubble. The very same socio-psychological and monetary factors that caused the last decade's housing bubble and other excesses have created several other bubbles that have not popped yet.There are many bubbles that are still expanding and providing an illusion of economic strength, while threatening to devastate the global economy upon their inevitable popping.
I've identified eight still-expanding bubbles and have developed an acronym to help easily remember them: "CCC Aches," which I will refer to as the "CCC Aches" Bubbles. "CCC Aches" stands for China, Commodities, Canada, Australia, College, Healthcare, Emerging markets and Social media.
I invite you to read more about these bubbles:
"Beware of the "CCC Aches" Bubbles" (Introduction article):
http://www.thebubblebubble.com/
The China Bubble:
http://www.thebubblebubble.com/china-bubble/
The Commodities Bubble:
http://www.thebubblebubble.com/commodities-bubble/
The Canada Bubble:
http://www.thebubblebubble.com/canada-bubble/
The Australia Bubble:
http://www.thebubblebubble.com/australia-bubble/
The US College Bubble:
http://www.thebubblebubble.com/college-bubble/
The US Healthcare Bubble:
http://www.thebubblebubble.com/healthcare-bubble/
The Emerging Markets Bubble:
http://www.thebubblebubble.com/emerging-markets-bubble/
The Social Media Bubble:
http://www.thebubblebubble.com/social-media-bubble/
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