Tesla CEO Elon Musk said he will begin stepping away from his duties at the so-called “department of government efficiency” starting in May. The announcement
It’s one of the many problems with idiotic speculative bubbles. You can’t slowly shrink them, they only pop. I might be totally wrong about that, I don’t have an actual background here, but it sure seems to be what I’ve seen in life.
That could be survivorship bias, though. You’re much more likely to hear about a catastrophic bubble burst than a more responsible executive focused on sustainability reining it in to a less volatile state over a period of years.
I was thinking about that, can’t think of any examples off the top of my head, but you’re right, if it were done successfully, it wouldn’t be something most of us would ever talk about or be aware of.
I do think it generally holds though, there’s a reason the word for the phenomena is “bubble” and not something more suggestive of controlled deflation.
It’s one of the many problems with idiotic speculative bubbles. You can’t slowly shrink them, they only pop. I might be totally wrong about that, I don’t have an actual background here, but it sure seems to be what I’ve seen in life.
That could be survivorship bias, though. You’re much more likely to hear about a catastrophic bubble burst than a more responsible executive focused on sustainability reining it in to a less volatile state over a period of years.
I was thinking about that, can’t think of any examples off the top of my head, but you’re right, if it were done successfully, it wouldn’t be something most of us would ever talk about or be aware of.
I do think it generally holds though, there’s a reason the word for the phenomena is “bubble” and not something more suggestive of controlled deflation.