Bubble (economics)/Definition: Difference between revisions
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A surge in prices that raises expectations of further increases, so generating further increases | A surge in prices that raises expectations of further increases, so generating further increases: a process that continues until confidence falters, the bubble "bursts" and prices rapidly revert to an objectively-based level. | ||
Latest revision as of 03:26, 3 December 2009
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Bubble (economics) [r]: A surge in prices that raises expectations of further increases, so generating further increases: a process that continues until confidence falters, the bubble "bursts" and prices rapidly revert to an objectively-based level.