{"id":138,"date":"2009-09-14T21:26:43","date_gmt":"2009-09-15T01:26:43","guid":{"rendered":"http:\/\/zzzptm.com\/wordpress\/?p=138"},"modified":"2009-09-14T21:26:48","modified_gmt":"2009-09-15T01:26:48","slug":"more-bubbles","status":"publish","type":"post","link":"https:\/\/zzzptm.com\/wordpress\/?p=138","title":{"rendered":"More Bubbles?"},"content":{"rendered":"<p><em>\u201cIt will not be too bad this year. Both China and America are addressing bubbles by creating more bubbles and we\u2019re just taking advantage of that.  So we can\u2019t lose.\u201d &#8211; Lou Jiwei, Chairman of China&#8217;s sovereign wealth fund<\/em><\/p>\n<p>Translation: Oh no, not again.<\/p>\n<p>I thought we were going to deal with the damage from the housing bubble, which came about because we didn&#8217;t deal with the dotcom bubble properly. Now I read this and I guess we need to gear up for the commodity bubble that will be coming up soon. Eventually, we&#8217;re going to run out of bubbles or the ability to create bubbles and the whole thing comes crashing down that much harder.<\/p>\n<p>Get ready for more Minsky Moments in the future. And if you don&#8217;t know what one is, fire up the Wikipedia and add something to this discussion when you&#8217;re familiar with the concept.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIt will not be too bad this year. Both China and America are addressing bubbles by creating more bubbles and we\u2019re just taking advantage of that. So we can\u2019t lose.\u201d &#8211; Lou Jiwei, Chairman of China&#8217;s sovereign wealth fund Translation: Oh no, not again. I thought we were going to deal with the damage from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-138","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138"}],"version-history":[{"count":2,"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/138\/revisions"}],"predecessor-version":[{"id":140,"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/138\/revisions\/140"}],"wp:attachment":[{"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zzzptm.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}