Making Money Minute with Ron Hiebert - Bubbles Have An Upside
Asset price bubbles often wipe out investors when they burst, but they can also present a huge upside for the economy over the long term. Take for example the fibre optic bubble in the late 1990’s. Investor enthusiasm and excess capital built out so much infrastructure, that prices collapsed, taking decades of rising demand to soak up excess supply. This massive and unused data highway became the backbone that launched a technology and social media boom that has powered the economy for the last two decades. The trillions investors wasted, became the springboard for a very profitable future. For more information listen to our Making Money Podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
