{"id":131,"date":"2008-11-20T16:47:15","date_gmt":"2008-11-20T20:47:15","guid":{"rendered":"http:\/\/blog.payne.org\/2008\/11\/20\/a-steep-rise-leads-to-a-steep-fall\/"},"modified":"2008-11-20T16:47:15","modified_gmt":"2008-11-20T20:47:15","slug":"a-steep-rise-leads-to-a-steep-fall","status":"publish","type":"post","link":"https:\/\/payne.org\/blog\/a-steep-rise-leads-to-a-steep-fall\/","title":{"rendered":"A Steep Rise leads to a Steep Fall"},"content":{"rendered":"<p>I read about the <a href=\"http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/constructionandproperty\/3489393\/Dubais-Palm-Jumeirah-sees-prices-fall-as-crunch-moves-in.html\">40% drop in property values in Dubai<\/a>, and it reminded me of a model I use to think about bubbles:<\/p>\n<blockquote><p><em>The slope of the rise is (negative) the slope of the fall.<\/em><\/p><\/blockquote>\n<p>The crazyness in the world (Dubai, hedge funds, etc.) is going to come down pretty fast &amp; hard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I read about the 40% drop in property values in Dubai, and it reminded me of a model I use to think about bubbles: The slope of the rise is (negative) the slope of the fall. The crazyness in the &hellip; <a href=\"https:\/\/payne.org\/blog\/a-steep-rise-leads-to-a-steep-fall\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-131","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts\/131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/comments?post=131"}],"version-history":[{"count":0,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts\/131\/revisions"}],"wp:attachment":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/media?parent=131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/categories?post=131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/tags?post=131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}