Thursday, October 2, 2008


"I'm wondering if there is a closer link between coffee and bubble economies. First off, I must confess that every time I have a venti mocha frappucino, I feel a wave of irrational exuberance wash over me. I can just see those large plastic cups by the elbows of the managers of the hedge and private equity funds (the 50 most exuberant of which earned a certifiably irrational $588 million each in compensation last year).
Not convinced yet of the link between coffee and speculative bubbles? Here's one last connection. The day after a bubble economy bursts feels a lot like the day after you decide to kick that four-latte-a-day habit. Irrational exuberance is just a memory. All you have left is one whopper of a headache." (Thanks Toufic)

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