February Harpers - Eric Janszen + The Next BubbleWhat's next? More asset-backed bubbles. The dot-com '90s created $7 trillion in market value. The housing boom created $12 trillion in "fake wealth." Janszen predicts the next great bubble will be a $20 trillion "alternative energy" bubble.
In fact, Wall Street's already hustling biofuels, solar, wind, nuclear, geothermal and hydroelectric as the new alternative energies destined to replace oil, gas and coal in this next new economy.
Timing? The new "alternative energies" bubble will last about 8 years, from a 2005 launch till a peak around 2013, when it will "creatively destruct," when all possible "fake wealth" is squeezed out, when investors wise up to the scam, when that new bubble pops.
In his finale, Janszen admits that when the "alternative energy" bubble finally self-destructs around 2013, "we will be left to mop up after yet another devastated industry," while Wall Street "will already be engineering its next opportunity."
But be warned: Even before we near the end of the "alternative energy" bubble, the law of unintended consequences will trigger a meltdown, not of the bubble but of the "bubble-making machine" itself! The machine will implode, taking down Wall Street, Washington, Corporate America ... and with it, the "new economy," the "new paradigm" and the "bubble-making machine!"
(the photo is not actually a bubble, it's a Harold "Doc" Edgerton rapatronic photo of the initial burst of a nuclear weapon)
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