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pop, when the bubble bursts but we should reasonbly expect that there will be a lot of volatility and there will be a lot of ex-post bubbles we should reasonably expect because what we know about human behavior
that there will be recurrences of what we saw in the last year which is excess on both sides too low and too high that's just part of living with the market uh I think it's quite consistent
with what um not only myself and other behavioral economists have been saying about markets it's quite consistent with John maynard Keynes
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