Update on Volkswagen Diesel Fraud Case

We filed an action in Butte County on May 17, 2018 with the intent of having a jury decide punitive damages. We would be the first party to bring the defeat device case to jury trial.  Peer reviewed studies proved thousands of people with lung diseases died from the fraud.  

 

The Business of Bubbles

Posted by Fred Fletcher on Friday, February 3, 2017 Under: Business
The first recorded financial bubble was the tulip bulb mania of 1637.  A crave over Europe drove the price of tulip bulbs to ridiculous heights. Some single bulbs sold for the modern day equivalent of millions of dollars. A traders' market resulted with speculators. Many people became wealthy overnight. But one day a single bulb failed to sale at the market, and the market collapsed in hours. Many lost everything. 



The same dynamics which created the Tulip bubble were responsible for the tech bubble of the 1990's, and the housing bubble which burst in 2008.  

Humboldt has been in a green bubble since the 1970's which was artificially created by Prohibition. When the green bubble will burst depends on several factors. Everyone knows Prohibition limits supply which drives prices upward. When a State like California legalizes cannabis (Proposition 64) eventually prices will fall, as we see in Colorado and Washington. Rigorous regulations create a barrier to entry into the legal market and will artificially inflate prices in California, perhaps for a few years. Additionally local bans will artificially keep prices high for awhile. 

But all bubbles burst, and making the right decisions at the right time is key to finishing on the right side of history. When bubbles burst there are always more losers than winners. At the core of every bubble is human emotions. Emotions move markets faster than any regulation. Some folks deal with the pending burst by ignoring it. They literally place themselves in a social bubble where everyone agrees with them bubbles are infinite. It's a human tendency to surround ourselves with like minded individuals. We like our world perspective validated. It makes us feel secure and intelligent.  

But being in a social bubble makes us lazy and isolates us from reality. Surrounding oneself with all like minded people is a bad business decision, and a horrible life decision. Understanding reality requires diverse social immersion. Engaging happily with people who hold opposing views will educate us more than most Universities. 

In : Business 


Tags: humboldt  business  proposition 64  green bubble  prohibition  cannabis  marijuana  california  washington  colorado 

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