As I was recovering today from the crazy day in the market, by way of the information superhighway, my wanderings led me to theonion.com, “America’s Finest News Source“. There I found a most amusing and entertaining article:

I quote a few of the best bits:

The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short time with imaginary profits from bad real-estate deals has disappeared, the need for another spontaneous make-believe source of wealth has never been more urgent.

[...]

Demand for a new investment bubble began months ago, when the subprime mortgage bubble burst and left the business world without a suitable source of pretend income. But as more and more time has passed with no substitute bubble forthcoming, investors have begun to fear that the worst-case scenario—an outcome known among economists as “real-world repercussions”—may be inevitable.

Read this in full @ the Onion.

Also got a chuckle out of: “Perhaps the new bubble could have something to do with watching movies on cell phones[...]” - [[MVIS]] anyone?? I’m sure they would gladly take that as the next big thing.

The article does make a valid point about our reliance on bubbles. Japan in the 90s, the .com shenanigans, now the real estate, plus the Chinese bubble… What’s next?

(Maybe ‘reliance’ is not the correct term. ‘Common occurence’/'necessary evil’…something along those lines may be better.)