Thornton: Are We In a Biotech and Housing Bubble?

03/13/2015 Mises Wire Ryan McMaken

Interviewed by Albert Lu, Mark Thornton breaks down NASDAQ’s recent 5000-mark performance, including what’s behind the movement and what it reveals about the possibility of a biotech bubble in our economy. He also discusses the existence of other ongoing bubbles and what we can expect to happen. Dr. Thornton frames his analysis using the Austrian theory of business cycle.

Mark discusses:

Why NASDAQ’s 5000 mark was nominal, not real
Why we shouldn’t be surprised about the current biotech bubble
How the Austrian theory of business cycle fully explains the bubble
How the housing bubble has reignited with a new kind of securitization
His personal experience with the revived housing bubble

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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