The Bling Bubble

posted by fenzel on Wednesday, July 23rd, 2008 at 6:03am

“Da Game is to be told, not to be sold.”
— Snoop Dogg, 14th Annual Conference
on Hip Hop Securitization

In 2003, I identified what I believed to be a speculative bubble for bling bling — the shine, the scrilla, the ostentatious displays of wealth that reinforced and promoted hip hop record sales.

At its heart, the Bling Bubble was a case of overleveraging; even the Ruffest of Ryders and Biggest of Tymers found themselves deep in debt, but still pulling out all the stops, even as record gas prices force them to keep only a quarter tank of gas in their new E-class —

The global Cash Money crisis begins, after the jump —