If you follow all the links in this post from the redoubtable James Kwak, you'll find a fascinating discussion on the speculator-driven bubble. I was going to comment on this at length but I don't have time so here's the thumbnail:
Kwak and Felix Salmon both have smart things to say on the subject while James Stewart continues to show his skill at saying what a large segment of his audience wants to hear.
Ahhhh, connections . . . I followed the links, and Stewart's comfort-the-comfortable article also puffs David Galenson, whose hypey theories we discussed a few years ago.
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