BRING ON THE NANOBUBBLE
On 60 minutes this past Sunday, they had a round up of all the new flying technology which is coming down the pike. I leaned over to my girlfriend and said "You're looking at the next bubble." The above article suggests it's nano we should be wary of.
We all know another bubble is coming; it could be nano, it could be aero, it could be both! The opinion I like in the above article is that while bubbles cause "loss" of dollars on an individual basis, the investments that bubbles leave in their wake tend to be quite valuable. I would not be typing this today on a computer as fast as I'm running connecting to servers in God knows where if it hadn't been for at least two bubbles. What I cannot wait for is the absurdity of it all. It was so fascinating watching things get founded and everyone looking around saying "what the hell is this thing again" while they're digging into their pockets to fund it. Nano-burgers served at 10,000 feet while eating at a flying restaurant anyone?