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Why do markets create bubbles?
Bubbles are like pornography: Everyone has his or her own opinion as to what qualifies, but it is impossible to pen a precise definition. If you wish to push the metaphor further, both are also fun for a while, if you like that sort of thing, but apt to end up making you feel deflated and embarrassed. In video: Bursting the oil bubble Bubbles are also embarrassing for the economics profession. It's