A productive economic bubble is my wish for 2020

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Since it's the end of the year, I'd like to share with readers my wish for 2020 - a productive economic bubble.

That may sound like an oxymoron, in part because bubbles don't seem productive but also because I've railed against so many of them - from the 2008 United States housing bubble to ballooning corporate debt, to what looks like a high-tech "unicorn" bubble today.

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A version of this article appeared in the print edition of The Straits Times on December 31, 2019, with the headline A productive economic bubble is my wish for 2020. Subscribe