The probability that there will be a bubble in some sector at some time in the future approaches 1.0 The probability that it has already started to inflate is

The probability that there will be a bubble in some sector at some time in the future approaches 1.0 The probability that it has already started to inflate is supposed to be a lot less, but in the last decade and a half, it seems there have been a lot of bubbles in various parts of the economy.