This “asymmetric ignorance”, as it was dubbed, may have led to greater risk-taking and more bubbles, because traders felt they were underwritten by the“Greenspan put”.
Secondly, getting news from the internet can create information bubbles, where people only read news that supports their opinions, leading to confirmation bias.
To keep up with the demands of the Kaiser Keller club, George started taking prescription stimulants, which would cause him to froth at the mouth and to hallucinate.
A less extracted or a weaker espresso will produce a less brown foam, stands to reason, but it isn't just concentration, because roast level also plays a role here.
They say the Fed intervened in markets to boost stock prices, making bubbles, like the ones that helped create the crisis in the first place, more likely.