Image via WikipediaWatch the first video here. Fred has come around to using my word: froth. But then I have also inched a little in Fred's direction. I recently used the phrase mini bubble burst.
I think we are both still blind men trying to figure out the elephant. But at least we are trying to figure out. Most others are simply making wild jumps.
Some real wealth creation is taking place. But every new emerging sector will necessarily be accompanied by froth. That is the nature of the beast.
There will be a slew of sob stories in a few years but I don't see any imminent collapse. We are in the first year of a boom decade.
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