bubble. The New Dictionary of Cultural Literacy, Third Edition. 2002

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The New Dictionary of Cultural Literacy, Third Edition. 2002.

bubble


A period of wild speculation in which the price of a commodity or stock or an entire market is inflated far beyond its real value. Bubbles are said to “burst” when a general awareness of the folly emerges and the price drops.	1

The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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