The Perishable Markets of the 1960s

I don't think the average person still wraps their arms around the idea of financial or market bubbles. I wonder if you could maybe out of the gate jump in and let the audience know some of your experiences, some of your lessons that the things that you learned in the lab. Well, what I realized, but not until the Great Recession, is that those markets were quite perishable. Okay. What is in the national income account that is closest to the representations that we did for the markets in the lab? That's called non durable consumer goods and services. Actually, the blind share are services. So it's like haircuts and hamburgers, hotel rooms, hyphenge or

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