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Woman with a magnifying glass
Woman with a magnifying glass
(Hemera Technologies/Getty Images)

Bubble-spotting: Don't wait for a signal from the experts

By the sounds of it, everyone is perfectly capable of spotting asset bubbles. But if they are so obvious, why do we keep getting caught in them when they pop?

James Bullard, president of the Federal Reserve Bank of St. Louis and a member of the Federal Open Market Committee, which sets interest rates and approves stimulus measures, believes that bubbles are as easy to spot as a puffy cloud in a blue sky.