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Real estate bubble? More like a souffle

From Chicago Tribune

Just can’t stand any more bubble talk? Perhaps you’d consider a semantic alternative.

Sean Snaith, director of the Business Forecasting Center at the University of the Pacific in Stockton, maintains that the imagery of a bubble is all wrong. He suggests, instead, a souffle.

“There is a unique set of ingredients that have combined in just the right way at just the right time to allow a large run-up in housing prices,” Snaith told the Contra Costa Times.

“Like the souffle, once any ingredient goes away, the souffle deflates.

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“It might not completely collapse, but it might deflate.”

So, by his reasoning, we’re less likely to hear a “pop” than a “ssssss.”


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