Bubbles/manias cause misallocations of capital and economic distortions, but also social distortions. Expectations detach from reality - all part of the same disease.
I think most single women (and men) have a completely distorted sense of reality. Women expect to marry a guy who will keep them in the lifestyle to which they'd like to become accustomed. So they tend to be attracted to men who are "fooled by randomness" or fooled by being temporary beneficiaries of the mania or the overall decline of society.
Here are some examples. Today's bubble beneficiaries include a bunch of milquetoast investment types, any lame-brain who sells real estate, homebuilders, etc. Declining-society beneficiaries include a host of parasites: personal injury lawyers, politicians, lobbyists, etc. (Let's not forget the honest beneficiaries: rappers, tattoo artists, strippers, hookers, etc.) Of course, these people have inflated opinions of themselves, exude confidence, and attract plenty of hollow gold-diggers (whose rapid growth has been a bi-product of the mania). They're all set up for a rude awakening which - hopefully - will bring some semblance of reality back to the dating process. It will also bring a lot more divorcees onto the meet market.
~ Kevin Duffy, Bearing Asset Management, May 3, 2005
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