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Reflections on the intersection of economics, history, politics, psychology and science

Bubble

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sometimes referred to as a speculative bubble, financial bubble, or economic bubble, it is a situation in which asset prices are much higher than the underlying fundamentals can reasonably justify (often caused by overly optimistic projections about the future or by some form of herd mentality)

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Seth Rosenblatt and Mark Olbert except where noted

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