I think a lot of asset bubbles can generically fit into this framework, as long as we recognize that a lot of sectors never make it past stage 2. 3D printing bubble for example hit stage 3 mania in late 2010 with the factory replacement thesis. Took 3 years to peak.
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President Donald Trump and Federal Reserve Chairman Jerome Powell sparred face-to-face over the cost of renovations of the central bank's Washington headquarters, with the Fed leader saying the president was wrong about the cost of the overhaul.