TheBubbleBubble.com was created by Jesse Colombo, who also writes a column on Forbes.com, for the purpose of exposing dangerous post-2009 economic bubbles and warning of their ability to severely damage and destabilize the global economy. “CCC Aches” is an acronym that Jesse coined for “China, Commodities, Canada, Australia, College, Healthcare, Emerging markets and Social media,” all of which are large and growing bubbles that arose in the 2000s that very few people recognize as bubbles. (Click here to learn more about the "CCC Aches" bubbles)
All of the “CCC Aches” 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, the “CCC Aches” 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.
TheBubbleBubble.com is an outgrowth of the popular Twitter blog, “TheBubbleBubble,” started by Jesse in June 2011 that quickly attracted over 23,000 followers, including journalists from Bloomberg and the Financial Times, hedge fund managers, economists, educators, think tanks and political activists. TheBubbleBubble Twitter blog and TheBubbleBubble.com are the only resources that specialize in economic bubble-related news and information, especially pertaining to the massive but little-known bubbles in US higher education, student loans and US healthcare.
About Jesse Colombo
Jesse has a successful history as a bubble and financial crisis prognosticator, having started the popular website “Stock Market Crash!” (stock-market-crash.net) in early 2004 for the specific purpose of warning about the then little-known US housing and banking bubble and how it would lead to a catastrophic financial crash. Stock Market Crash! was one of a very 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 almost exactly as he had described several years earlier, helping to draw well over 2 million unique visitors to the website and resulted in The Times of London calling him one of “The Ten People Who Predicted the Meltdown,” along with economists Nouriel Roubini and Stephen Roach. Though the Stock Market Crash! website has been retired, the site’s original 2004 housing bubble & market crash predictions are viewable via the Wayback Machine web archives. Now, eight years later and far more experienced, Jesse is warning about bubbles again – a whopping new crop of eight this time. Jesse sincerely hopes he is wrong this time around.
Jesse’s background in finance started when he was a precocious 15-year old who used his life 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. Within just a few months, Jesse doubled his money, sold the stock and was hooked on investing and finance ever since. Jesse spent the rest of high school reading every finance and economics book he could find, trading stocks, options and currencies and, though a very good student, getting into trouble for sneaking out of class to place trades on the school library’s computers. After graduating from high school one year early, Jesse used the extra time to continue studying finance, trade and build Stock Market Crash! before attending college.
Focusing on finance, accounting and economics, Jesse earned a Bachelor’s degree, cum laude, from State University of New York at Stony Brook in 2008, ironically graduating straight into the economic crisis that he foresaw several years earlier. Jesse is currently employed as a private investor, web entrepreneur and occasional business consultant.
One of Jesse’s significant long-term goals is to form an investment trust that operates on Warren Buffett-style value investing principles for the purpose of taking key positions in bargain-priced stock shares and businesses during the more intense phases of the coming economic crisis that he foresees. Benjamin Graham, Warren Buffett’s mentor, made his fortune during the Great Depression by operating an investment trust that purchased shares of quality companies that were selling at rock-bottom prices, which proceeded to dramatically rise in price as the economy recovered from the Depression.
Jesse is open to career, networking and other opportunities – he can be contacted at:
jesse – at – thebubblebubble.com and via his LinkedIn page.
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 a French immigrant who came to the United States for graduate studies and his mother is an American from New York.
- Jesse graduated from High School in 2003, a full year early.
- When Jesse warned of the U.S. housing and banking bubble starting in 2004, he was completely anonymous because he didn’t want his young age (he was 18 years old) to prevent his readers from taking his economic bubble warnings seriously. When the Global Financial Crisis that Jesse predicted had materialized in 2008, Jesse regretted that he pursued his anti-economic bubble activism anonymously.
- Jesse took a hiatus from blogging and anti-economic bubble activism after the U.S. housing bubble popped in 2008, 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’s goal is to warn at least one million people about the risks of post-2009 economic bubbles, and has already warned half a million people (as of mid-2013).
- 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 claims 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.