Permabubble

To coin a phrase, a permabubble is the notion that asset/market/financial bubbles always exist in some shape or form.

For a discussion on economic bubbles, see: http://en.wikipedia.org/wiki/Economic_bubble

Bubbles have occured as long as markets have existed, however, recent history has witnessed a wave of speculative bubbles rolling though various asset classes (eg. dot-com, credit, real estate, commodities etc.). We contend that this is an ongoing feature of finance/economics and we are in a state of permanent bubbles, or a permabubble.