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— George Soros"If the bubbles contain a misconception, as they always do, then it can't be maintained forever."
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Catastrophes come when some dominant institution, swollen like a soap-bubble and still standing without foundations, suddenly crumbles at the touch of what may seem a word or idea, but is really some stronger material source.
— George Santayana
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Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.
— James Chanos
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