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Welcome to the NFC Preview

Originally Published: September 1, 2009
By Gregg Easterbrook | Special to Page 2

Tech start-ups were a bubble, the housing market was a bubble; most likely there's a gold bubble in progress, and when the gold bubble bursts, everyone will claim to have known it all along! The bubble to worry about is the cupcake bubble: all those fancy cupcake bakeries suddenly in New York, Boston, Washington, San Francisco and Seattle, offering $5 cupcakes hard to distinguish from supermarket cupcakes. It's a bubble: Capital is flowing into the opening of cupcake boutiques because, right now, ...

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