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This is an abuse of the term "bubble".
Normally, all of March's madness is given over to college basketball, and it will certainly get its due this week as the major conference tournaments rev up — the one week when the term bubble watch does not involve watching 5-year-olds running around with bubble wands.
To assess this claim, we need to assess the implications of the term "bubble".
Fridson thinks the term "bubble" is too easily abused and that a speculative bubble has formed around calling things bubbles.
Though some voices have certainly used the specific term "bubble" to describe the US higher-education system, it's not a mainstream view.
As the bubbling air creates a kind of underwater net (hence the term "bubble net") that contains the school, the rest of the group in unison lunge open-mouthed through the bubble barrier and drive the fish to the surface, swallowing them in large amounts.
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"After its 1990s heyday," columnist Philip Bump recently pointed out, the term "bubbled under the surface until America's demographic and economic shifts led to renewed uncertainty and resentment between cultural groups".
Of special interest are the insects that might be termed bubble breathers, which, as in the case of the water beetle Dytiscus, take on a gas supply in the form of an air bubble under their wing surfaces next to the spiracles before they submerge.
Georgetti characterized defined-benefit (DB) pension plans as "the solution to the short-term bubble economy" that the financial sector is perpetuating.
But either way, short-term bubbles are clearly exacerbated by a national marketplace rather than a local one.
When yields hit their lowest levels ever, we call bonds priced at those yields intermediate-term bubbles.
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