Mention602032

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so:text Our survey of historical bubbles makes clear that the bursting of bubbles has invariably been followed by severe disruptions in real economic activity. The fallout from asset-price bubbles has not been confined to speculators. Bubbles are particularly dangerous when they are associated with a credit boom and widespread increases in leverage both for consumers and for financial institutions. (en)
so:isPartOf https://en.wikiquote.org/wiki/Burton_Malkiel
so:description A Random Walk Down Wall Street (2019; 12th ed.) (en)
qkg:hasContext qkg:Context296415
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