No other major bubbles have burst back to where home prices are affordable again, and major cities from Shanghai to London to Vancouver to Melbourne and Sydney, Australia, are still going up or very near their peaks.

FORBES: Greatest Real Estate Bubble In Modern History Not Done Bursting

Proof positive that when some bubbles burst, they never come back near their ascendant positions for years, maybe forever.

FORBES: The Great Stagnation In Broadly Owned Stock Groups

When the pressure builds back up, the bubbles implode, making a popping noise.

BBC: Shrimp, bubble and pop

My summary insight from studying hundreds of years of all types of manias and panics is simply that bubbles always burst, and then they go back to where they started or a bit lower.

FORBES: Greatest Real Estate Bubble In Modern History Not Done Bursting

In just a few chapters, he outlines the forces that brought the world to the brink of a bust: a house-price bubble boosted by runaway mortgage lending in the rich world, particularly America, a lightly regulated global financial system that found ever-more creative ways to speculate on rising house prices, and macroeconomic policymaking that was far too laid back about the dangers posed by asset-price bubbles.

ECONOMIST: The reasons for the crisis and how to stop it happening again

Back in the real world, since all trades balance, bubbles quite simply don't exist.

FORBES: Political Economy

He fears frothiness and bubbles, but believes tapering right now would have nefarious effects, possibly tipping the economy back into recession.

FORBES: Bernanke's QE Dance: Fed Could Taper In Next Two Meetings, Tightening Would Collapse The Market

The bubble-heads have set up 35 labs where they woo prospects with demonstrations of packages being dropped on concrete floors, vibrated as if they were on the back of a truck driving over cobblestones or placed in vacuum chambers to see how the bubbles respond to altitude.

FORBES: Magazine Article

Back in the mid-1980s, the country chose to reflate rather than deflate its asset bubbles.

FORBES: Is China Deflating or Reflating the Bubble?