Bring on the Bubble-Business Machine. Again.

Wednesday, March 16, 2016
Posted in category Bubble Economy, Economics

An oldie but goodie from The Onion in 2008.

The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short time with imaginary profits from bad real-estate deals has disappeared, the need for another spontaneous make-believe source of wealth has never been more urgent.

“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. The manner of bubble isn’t important—just as long as it creates a hugely overvalued market based on nothing more than whimsical fantasy and saddled with the potential for a long-term accrual of debts that will never be paid back, thereby unleashing a ripple effect that will take nearly a decade to correct.”

“The U.S. economy cannot survive on sound investments alone,” Carlisle added.

Congress is currently considering an emergency economic-stimulus measure, tentatively called the Bubble Act, which would order the Federal Reserve to† begin encouraging massive private investment in some fantastical financial scheme in order to get the nation’s false economy back on track.

Be Sociable, Share!
You can leave a response, or trackback from your own site.

One Response to Bring on the Bubble-Business Machine. Again.

  1. Capn Mike says:

    March 17th, 2016 at 8:06 pm

    What a shame that the Onion (one of the great truth-tellers) got bought up by a Hillary supporter.
    So much for the “Oh, the INTERNET will break up the information monopoly” myth.

Leave a Reply