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Everything Bubble (wikipedia.org)
19 points by nojs on Feb 22, 2021 | hide | past | favorite | 2 comments



Here's a historical account that Michael Burry (The Big Short) posted recently about the beginning of German hyperinflation of the 1920's:

"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom... Many great fortunes sprang up overnight... Prices in Germany were steady, and both business and the stock market were booming... Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes... Everyone from the elevator operator up was playing the market..."


That's from the book "Dying of Money"




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