Yglesias has discovered the bubble!

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Let us assume the third spike in this series is a bubble that needs some of Yglesias's magical government therapy.  What would the good doctor advise?

I am not saying this is a bubble, it may well be that we have overcome bubbles and this spike merely predicts a huge growth spurt due to Obamacare.  But just in case, would Yglesias please tell us what to do? We may not be able to handle this bubble without help from our 'thought leader'.