People have been crying "bubble" my entire life, and I'm yet to see one actually "burst".
The only things close to bubble bursts were scam driven things like the sub-prime mortgage collapse in the USA.
The only things close to bubble bursts were scam driven things like the sub-prime mortgage collapse in the USA.
People have been crying "bubble" my entire life, and
I'm yet to see one actually "burst".
Edit: attempt to add clarity.
The core of what I'm trying to say is almost any increasing asset is labelled as a bubble now days. I'm not denying that there aren't shady investments that appear and collapse all the time, some are enormous, like the tech bubble.
But it requires further classification. There are gambling bubbles built by thousands of agents where some have seen astronomical profit, but then there seems to be more stable "bubbles" like all of the bubbles mentioned in the article.
A bubble isn't a bubble, not without further clarification.
OP never mentioned Aus - only that they had heard a lot of talk of bubbles but hadn't identified any. I was just giving a few recent examples that I'm sure most would agree qualify as such.