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Background on the Adam Smith Internet Bubble Clock The clock is modeled on the Doomsday Clock featured on the cover of the Bulletin of Atomic Scientists. Their clock has never been earlier than seventeen minutes to midnight - we could always be twenty minutes away from nuclear war. To carry this metaphor through - we also have created a limit of 11:40pm. However the Internet Bubble may leak slowly over a period of months - and not deflate in a single day ...or a twenty minute window of frantic selling. The Doomsday Clock, created in 1947, has moved just sixteen times since its creation. It was set at seven minutes to midnight in 1947. It reached two minutes to midnight in 1953 just after the Russians tested a very powerful thermonuclear device. The most recent shift happened in 1998 when the clock moved forward from 14 minutes to midnight to 9 minutes to midnight - following the nuclear tests by India and Pakistan. For more information on the Doomsday Clock check out www.Bullatomsci.org/clock Please vote on what time you think it is . . .in the Internet Bubble. Votes should be cast between 11:40 and 12:00. Check back for the poll results. The knight in the illustration of our clock is a reference to a paragraph from the 1972 Adam Smith book, Supermoney. Mr. Smith has lived through many bubbles - and he describes the mood of a bubble in this paragraph: "We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment the Black Horsemen will come shattering through the great terrace doors wreaking vengeance and scattering survivors. Those who leave early are saved, but the ball is so splendid no one wants to leave while there is still time, so that everyone keeps asking "What time is it? What time is it?" -- but none of the clocks have any hands."
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OTHER BUBBLE CLOCK ITEMS Historical Bubble Clock Movements Internet Bubble Clock Background How to Tell If the Bubble Is About to Pop
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