iTulip Select Subscription Description

[FRED]

The cover article of the February 2008 issue of Harper's is Eric Janszen's ground breaking The Next Bubble. (Click here to read the article.)

The Next Bubble is the culmination of over 10 years of research, writing, and personal experience. The article covers the principles of development of modern asset hyperinflations, commonly known as bubbles, starting with the technology stock bubble of the 1990s, followed by the housing bubble of the early 2000s, and an upcoming inflation in assets related to alternative energy (non-petroleum, including nuclear) and infrastructure.

Some observers have only begun to understand the nature of asset inflations and identify them after the fact. Others have identified asset bubbles, such as the housing bubble, while the bubble was still in progress. On iTulip.com Janszen identified the start, middle, and end of each since 1998. In The Next Bubble, Janszen audaciously predicts a new bubble, explains how it will develop, and where it is in the development process. In the iTulip Select subscription area, we will identify specific investment opportunities in the context our Next Bubble investment thesis, including the tracking of relevant legislation.

"Harper's Magazine, the oldest general interest monthly in America, explores the issues that drive our national conversation through such celebrated features as Readings, Annotation, and Findings, as well as the iconic Harper's Index. Published continuously since June 1850, with its emphasis on fine writing and original thought Harper's Magazine provides readers with a unique perspective on politics, society, the environment, and culture. The essays, fiction, and reporting in the magazine's pages come from promising new voices as well as some of the most distinguished names in American letters, among them Tom Wolfe, Annie Dillard, Barbara Ehrenreich, T.C. Boyle, Jonathan Franzen, David Foster Wallace and Mary Gaitskill."


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Below, the best of the reviews and coverage of The Next Bubble.

Want the copy of the article? - Sign up iTulip Select here for one year by 01/31/2008, e-mail your address to us at: forum@itulip.com to get a copy of the magazine.

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Behind the next bubble
Jan. 25, 2008 (Shane Schick - IT World)

The term “bubble” has become such a four-letter word in the IT industry that it’s almost a shame to bring it up again, but unless we want history to repeat itself, we have to.

This month’s issue of Harper’s magazine features an essay by Eric Janszen, founder of and president of financial consultancy iTulip Inc. called “The next bubble,” which looks not only at how devastating the over-inflation of assets can be to an economy, but how cyclical it has become.

“That the Internet and housing hyperinflations transpired within a period of 10 years, each creating trillions of dollars in fake wealth, is, I believe, only the beginning,” Janszen writes. “There will and must be many more such booms, for without them the economy of the United States can no longer function. The bubble cycle has replaced the business cycle.” And although Janszen doesn’t spell it out, IT managers may find themselves among the accomplices.

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The Bubble Cycle and the American Economy
January 23, 2008 (TWAB)

Last night I just finished reading an article in Harper’s Magazine titled The Next Bubble:Priming the markets for tomorrow’s big crash. I found the article to be the single, best explanation of the American economy I have ever read.

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The Next Market Bubble is Here Already
January 17, 2008 (Seattlest)

The mass insanity of the housing bubble over the last few years has pretty fully revealed itself by now. One need only visit our good friends over at Seattle Bubble to read about the increasing devastation. On Jan. 15, Tim posted the big news: according to the Northwest Multiple Listing Service (NWMLS), King Co. finally posted negative year-over-year median closing prices on housing. According to the same report, active listings are up in the YOY comparison (51%) and pending sales are down (by 33% YOY), both records. In other words, the market is flooded, demand is down, and housing prices are falling.

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As One Economic Bubble Bursts, Another Takes Hold
Jan. 15, 2008 (The Informed Reader, Wall Street Journal)

The next bubble in the U.S. economy should be taking hold right about now, entrepreneur and investor Eric Janszen writes in Harper’s Magazine.

After years in venture capital, Mr. Janszen now runs iTulip, an investment Web site premised on the idea that the financial sector has locked the U.S. into a damaging cycle of bubbles that are disconnected from the actual health of the economy. According to his theory, the finance, insurance and real-estate businesses survive by pouring capital into a sector, creating a self-fulfilling prophecy that asset prices will rise. When prices collapse back to their true value, financiers make up their losses by pouring capital into another sector and creating another bubble.

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Necessary Bubbles
Jan. 14, 2008 (Marginal Utility, Pop Matters)

In the most recent Harper’s former VC honcho Eric Janszen puts an apocalyptic spin on this thesis, claiming that the American economy has replaced the business cycle, the bugaboo of economies past, with a hyperaccelerated bubble cycle.

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A Coming Bubble in Alternative Energy?
Jan. 14, 2008 (Business Insight Zone, Hoover's)

As a member of a venture-capital firm that invested in technology companies in the late 1990s, Janszen had a front-row seat for the dot-com boom and bust. He also writes engagingly, and he offers a clear narrative of post-WW2 economic cycles — clear along a certain line of analysis, anyway. On the other hand, his business is to make contrarian, bubble-oriented economic analyses, and in his treatment alternative energy — or, I should say, the market in it — becomes a punching bag.

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