In economics, bubbles repeatedly occur about every 15-20 years in the US. From the first in 1793 to the current one, speculation in land or housing slowly builds up and up until the bubble becomes reaches a manic peak and then eventual pop.
Bubbles occur in other areas but are most visible in real estate because everyone needs a place to live. Bubbles in music don't affect as widely or as deeply.
Predicting the social trend should be easy but evidence is easily neglected. Many people believe government promises.
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