Bubbles tend to form during periods of low growth but high liquidity. Liquidity is the market’s dopamine, fueling the rise.Bubbles also need a scapegoat—an asset class in crisis....
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The Transition from Growth to Mania…
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Bubbles tend to form during periods of low growth but high liquidity. Liquidity is the market’s dopamine, fueling the rise.Bubbles also need a scapegoat—an asset class in crisis....