“Speculative bubbles often produce an ‘echo boom’ a few years after the bubble has burst, as the cultural/institutional memories of the asset’s spectacular gains remain operative long after the initial boom/bust. Is the much-hyped housing recovery an organic, sustainable trend, or is it merely a speculation-driven echo boom that is doomed to fade?”
http://charleshughsmith.blogspot.com/2013/02/the-echo-boom-in-housing-recovery-stocks.html
