A Little Christmas ‘Bubble’

As usual, blogging will be light at best over the Christmas-New Year period.  Thanks to IE readers, tipsters and advertisers for their support throughout the year.  Hope you had as much fun reading it as I did writing it.

Having spent much the last 12 months rubbishing the notion of ‘bubbles’ in asset prices, I should draw readers’ attention to a bit of asset price inflation in which you are all implicated.  Here is the Institutional Economics stock price at Blogshares since April this year:

It’s all due to fundamentals!  Back in January for another year defending capitalist acts between consenting adults against fever-swamp Austrians, Roubini-Setser doomsday cultists, the AEI’s resident evils, and Economist leader writers.

posted on 23 December 2005 by skirchner in Misc

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