With the right level of Government support, bubbles can seemingly go on for literal decades. Case in point, Australian housing since the late 90s has been on an uninterrupted tear (yes, even in ‘08 and ‘20).
But eventually, bubbles either deflate or pop, because eventually governments and investors will get tired of propping it up. It might take decades, but I think it’s inevitable.
With the right level of Government support, bubbles can seemingly go on for literal decades. Case in point, Australian housing since the late 90s has been on an uninterrupted tear (yes, even in ‘08 and ‘20).
But eventually, bubbles either deflate or pop, because eventually governments and investors will get tired of propping it up. It might take decades, but I think it’s inevitable.