{"version":"1.0","provider_name":"Drishtikone","provider_url":"https:\/\/www.patheos.com\/blogs\/drishtikone","author_name":"jessicafick","author_url":"https:\/\/www.patheos.com\/blogs\/drishtikone\/author\/jessicafick\/","title":"A Story of an Asset Bubble","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"4yNKdhOMHO\"><a href=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2008\/04\/story-asset-bubble\/\">A Story of an Asset Bubble<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2008\/04\/story-asset-bubble\/embed\/#?secret=4yNKdhOMHO\" width=\"600\" height=\"338\" title=\"&#8220;A Story of an Asset Bubble&#8221; &#8212; Drishtikone\" data-secret=\"4yNKdhOMHO\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","description":"Atul Sarana is a Chemical Engineer of 1997 batch &amp; now a Certified Financial Planner (CFP) practitioner for last three years. HIs company provides independent Financial Planning Services to High Net Worth Individuals, Non-Resident Indians, Institutions, Corporates, Charitable Trusts etc. His expertise is simplified &amp; personalized financial advice that even a layman can understand. Apart from India, we have our clients in UK, US, Bahrain, Dubai etc. You can contact Atul Surana via email. Here's a very interesting anecdote that describes how an \"asset bubble\" builds up and what are its consequences. Read it even if it confuses you a bit...things will be clear as you reach the end.... ANECDOTE - Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollar as there were only two pieces of 1 dollar coins circulating around. 1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar. 2) B decided to purchase the land from A for 1 dollar. So, A and C now each own 1 dollar while B owned a piece of land that is worth 1 dollar. The net asset of the country = 3 dollar. 3) C thought that since there is only one piece of land in the country and land is non produceable asset, its value must definitely go up. So, he borrowed 1 dollar from A and together with his own 1 dollar, he bought the land from B for 2 dollar."}