On Bubbles … And Why We’ll Be Just Fine
Both Sides of the Table
JUNE 22, 2011
It’s like people arguing that there’s a beautiful beach house in 2006 that represents great long-term value due to scarcity of similar property. Or worse yet they may never get financed. Raise at “ the top end of normal but not so high that future financings in a corrected market become impossible.
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