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My new book, Pop! Why Bubbles Are Great for the Economy, won't be available for another week or so. But the Financial Times hasn't been able to restrain itself. Gillian Tett, the paper's capital markets editor, reviews it (favorably) in today's FT. The headline: "A Heresy Wise Investors Might Embrace."
Some choice quotes:
But could it be that the cassandras have it all wrong and that bubbles are actually a blessing, not a curse? This is the heretical idea advanced in a provocative book, Pop! Why Bubbles are Great for the Economy, which sketches out a history of the bubbles that have swept through America over the past 150 years. . . . an entertaining primer on market madness. . . thoroughly accessible to a broad audience. . . But brutal or not, Gross’s thesis is a thought-provoking one for modern investors, particularly given that the bubble phenomenon shows no sign of disappearing.
Posted by dan at 06:31 AM