Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

The Next Investment Bubble: Onions?


The Onion reports “Recession-Plagued Nation Demands New Bubble to Invest In”:

WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.

“What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future,” said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm.

OK, the article is a joke. But seriously what is the next bubble? After tech stocks and housing, can we somehow avoid another speculative bubble, at least for a little while?

One thing I love about the Onion is that it’s parodies often contain a surprising amount of technical knowledge.

The Onion has some suggestions:

“Perhaps the new bubble could have something to do with watching movies on cell phones,” said investment banker Greg Carlisle of the New York firm Carlisle, Shaloe & Graves. “Or, say, medicine, or shipping. Or clouds.”

One speculator adds: “Little pieces of paper are the next big thing.”


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus