Tuesday, October 9, 2012
The Bubble Bubble
As a denizen of the blogosphere and the web universe in general, few things give me more pleasure than finding a website or blog that casts a different pair of eyes on the events and circumstances that are encircling us. I happened to find such a site this morning, that was created by an "independent economic analyst" who had also created a website back in 2004 that forecasted a pending stock market crash, which happened a few years later.
This website is called "The Bubble Bubble" and the analyst, whose name is Jesse Columbo, states his case, which is that our bubble troubles did not end with the housing bubble. What happened, is that the housing bubble spawned a series of other bubbles, which are coming into their prime now and are poised to pop sooner or later. There are eight bubbles, according to Columbo, and he gives an acronmym to make it easy to remember "CCC Aches". "CCC" is the credit rating given to investments that basically means that you're a "junk" investment. And as many of these bubbles pop, there will be a lot of "aches" and pains involved. Teehee.
"CCC Aches" stands for China, Commodities, Canada, Australia, College, Healthcare, Emerging Markets, and Social media. There is an in-depth piece written for each bubble by Columbo, and I look forward to reading them.