Opinion Bubbles
The real estate bubble popped in 2008/2009. The bubble that’s replacing it is the Who Has the Scariest View of Our Future Bubble. Let’s hope it pops soon, as well.
There are no doubt ugly days ahead, but it seems as though commentators are competing to see who can provide the most negative of viewpoints. Perhaps some are overcompensating for missing the signals that led to our current situation. Perhaps going negative is perceived as risk-free. If you’re wrong, that means everybody’s doing better; if you’re right, well, you were right (oh, and everbody’s doing bad).
What does this say about the risks involved when great marketing campaigns create our own little bubbles? Is there a way to prevent this?