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Thursday, September 20, 2018
OBQ 1203: Drone shot of Tulip boom.
Businesses are not always good at forecasting, governments are worse! Here is one such boom that went as badly as the Tulip booms of yesteryears.
Here is a drone shot of how the failure looks like.
Tell me what latest boom and bust am I referring to?
Answer: This is the bicycle junkyard in China, where they over estimated the impact of bike sharing apps on bicycle sale.