Many experts have warned that the global market is in the midst of a financial bubble that could lead to a crisis, but many people may not understand how such a crisis occurs. The Onion provides a step-by-step guide to how financial bubbles form, grow, and ultimately burst.
Investors speculate everyone has finally forgotten any lessons from last crash.
Couple overjoyed to learn they qualify.
Despite rigorous enforcement, some shady business practices actually make it past ever-vigilant eye of the SEC.
Buy! Buy! Buy! Don’t think, just buy!
Slight possibility arises that heavily invested company which has lost money eight years running may just not have good business model.
Arrow on chart goes from good black to bad red.
Instances of flustered men pulling out their empty pockets skyrockets.
Everyone starts claiming they all totally saw this coming.
Government and financial industry work to diagnose exactly what went wrong and how to fix the fundamental problems that perpetuate damaging boom-and-bust cycle, then decide not to implement any changes.
Crisis declared over when economy returns to being just as bad as it was before the bubble.