Bubble (economics)/Definition: Difference between revisions
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imported>David E. Volk m (Bubble/Definition moved to Bubble (economics)/Definition) |
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A surge in prices that raises | A surge in prices that raises expectations of further increases, so generating further increases, and so on: a process that continues until confidence falters, the bubble "bursts" and prices suddenly revert to an objectively-based level. | ||
Revision as of 09:28, 1 December 2009
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Bubble (economics) [r]: A surge in prices that raises expectations of further increases, so generating further increases, and so on: a process that continues until confidence falters, the bubble "bursts" and prices suddenly revert to an objectively-based level.