All Kinds of Bubbles

We have had a housing bubble that has wreaked havoc on our lives. Who knows if we are going to have a gold bubble. It is up to $1300 an ounce and rising. I have not done a gold crown in a little while, so I asked my lab technician what the cost of gold would be on a crown. He said about $400 to 450. There are other bubbles we may need to worry about. One of them can be understood a little bit better right here. I try and cast my mind back to all my macro and micro economics, all my accounting classes, GAAP and FASB's and things like that. A lot of it left me when I went to dental school, but one thing is certain, the income is no where near meeting the outflow and the detritus must hit the fan sometime.