BURSTING THE BUBBLE OF THE GOOD GLOBAL ECONOMY AND THE BAD BILLIONAIRE BURSTERS

Bursting-bubble theory refers to a legal principle rebutting a presumption. Under this theory, a presumption disappears when the presumed facts have been contradicted by credible evidence. Bursting-bubble theory requires the opponent of the presumption to introduce only that evidence which is sufficient to support a contrary to the presumption. In addition, there must be substantial and believable evidence contrary to the presumed intent. However, the most difficult aspect of the operation of the bursting-bubble theory of presumptions in civil cases is the question of the quantum of evidence necessary to negate the presumption.

As Michael Lewis pointed out, in The Big Short, it was contrarians, not Wall Street billionaires, who crashed the global market bubble in 2008. Wall Street billionaires were the dumb money, not the busters. It was Krugman's global economy bubble that got burst.

The billionaires were the ones who got bailed out, as I predicted, in the role of Thurston Howell III,  in 2007, 2008, Boca, Bonita Springs, Manatee. 

Coincidentally, rather like Romney in the presidential campaign, caught preaching to the select crowd in Boca on an open mike, and then likened by the media to Thurston Howell III as well!

"WHO DO YOU THINK THEY WILL BAIL OUT, YOU OR ME?"