"'Perhaps the new bubble could have something to do with watching movies on cell phones,' said investment banker Greg Carlisle of the New York firm Carlisle, Shaloe & Graves. 'Or, say, medicine, or shipping. Or clouds. The manner of bubble isn't important—just as long as it creates a hugely overvalued market based on nothing more than whimsical fantasy and saddled with the potential for a long-term accrual of debts that will never be paid back, thereby unleashing a ripple effect that will take nearly a decade to correct.'
"'The U.S. economy cannot survive on sound investments alone,' Carlisle added."
From The Onion.
Monday, July 21, 2008
"Recession-Plagued Nation Demands New Bubble To Invest In"
Labels:
1990s,
2000s,
economic history,
housing,
humor,
technology
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