TheBubbleBubble.com was created by independent analyst and Forbes.com columnist Jesse Colombo for the purpose of exposing dangerous post-2009 economic bubbles and warning of their ability to severely damage and destabilize the global economy. These bubbles include or are located in China, commodities, Canada, Australia, U.S. higher education, U.S. healthcare, U.S. stocks, some segments of the U.S. housing market, emerging markets and social media startups, all of which are large and growing bubbles that very few people recognize as bubbles.
The post-2009 bubbles are viewed by mainstream analysts and commentators as legitimate “engines of economic growth” and not the highly-threatening bubbles that they have truly become. In this regard, these post-2009 bubbles share a common ground with the Dot-com Bubble and US Housing Bubble, which were both viewed as legitimate economic growth booms right up until their violent implosions.
About Jesse Colombo
Jesse has a history as a financial crisis researcher and anti-economic bubble activist, having anonymously built the website Stock Market Crash! (stock-market-crash.net) in April 2004 for the purpose of warning about the then little-known U.S. housing and banking bubble and how it would lead to a financial crisis. Stock Market Crash! was one of a small handful of websites devoted to the housing and banking bubble topic during that time and was featured in a 2005 LA Times article for this reason. The 2007-to-Present crisis that Jesse warned of unfolded as he had described several years earlier, helping to draw over 2 million unique visitors to the website and resulted in it being featured in The London Times during the 2008 credit crisis. (Note: stock-market-crash.net now redirects to this current website, TheBubbleBubble.com)
Jesse’s background in finance started at age fifteen, when he used his savings to buy his first stock, Bradley Pharmaceuticals, just a few days after the September 11th, 2001 attacks after spending the summer vacation researching and following it. Jesse spent the rest of high school reading practically every finance and economics book he could find, while trading stocks, options and currencies. After graduating from Hauppauge High School (on Long Island, New York) one year early in 2003, Jesse used the extra time to continue studying finance, investing, and to build Stock Market Crash! before attending college.
Jesse earned a Bachelor of Science with cum laude honors from State University of New York at Stony Brook in 2008, ironically graduating straight into the economic crisis. Jesse is currently employed as a Forbes.com columnist, private investor, web entrepreneur, and occasional consultant.
Additional Biographical Information
- Jesse was born on December 7th, 1985 in Marseille, France, and was raised in the United States (Long Island, New York). Jesse’s father is an immigrant from France and his mother is American.
- Jesse took a hiatus from blogging and anti-economic bubble activism after the U.S. housing bubble popped, and focused on a career as a private investor and consultant.
- Jesse noticed the post-2009 economic bubbles developing in late-2010, after the Federal Reserve launched its QE2 monetary stimulus, and after China’s 2009 economic stimulus.
- Jesse believes that the 2003-2007 U.S. economic recovery (after the Dot-com crash and 2001 recession) was a “bubblecovery” or bubble-driven economic recovery, similar to the post-2009 economic recovery. He claims that the expanding U.S. housing and credit bubble created many jobs in the fields of construction and real estate-related finance, which helped to replace many jobs that were lost after the Dot-com bubble popped.
- Jesse is frequently quoted and interviewed in the media.
Jesse states that there are three primary objectives of his anti-economic bubble activism:
1)To warn and educate the general public about dangerous economic bubbles for the purpose of reducing the number of people whose lives are adversely affected by the popping of bubbles. For example: helping to discourage people from speculating or “flipping” houses during the U.S. housing bubble, or educating college students about the risks of excessive borrowing while pursuing higher education.
2)By warning about economic bubbles on a large scale, Jesse hopes to prevent them from growing even larger and more destructive.
3)Educating and warning policy makers and business leaders about current economic bubbles so that they can take action to prevent and avoid making decisions that cause them to grow even larger.
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