Quote:
Originally Posted by Exhibitman
Econ 101, right: the demand raises prices until owners decide to sell and the supply increases enough to achieve equilibrium.
Econ 102: the speculators then bail out, prices drop, and many people who jumped on the FOMO bandwagon are left holding their...cards.
Econ 103: eventually, they capitulate and get out for whatever they can. People who've waited out the run up now buy.
Econ 104: ten years later another bubble inflates.
You know you are getting older when you can recall three or four of these card price cycles. The bizarro world part of this latest one is that the boom is driven by boredom and is taking place despite the economy and the bust likely will result from a return to more normal economic activity.
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+1 Adam! Nice post for 2 in the morning (3 your time?)
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http://imageevent.com/derekgranger
Working on the following:
HOF "Earliest" Collection (Ideal - Indiv): 250/346 (72.3%)
1914 T330-2 Piedmont Art Stamps......: 116/119 (97.5%)
Completed:
1911 T332 Helmar Stamps (180/180)
1923 V100 Willard's Chocolate (180/180)
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