img src="http://photos1.blogger.com/img/43/5843/160/thinking.jpg"br /br /emfont color="#0000FF"(P.S: Sorry for any disturbances the advertisements above may have caused you)/font/embr /No it's not the US housing bubble or even the UK housing bubble. Though definitely quantitatively more substantial, the amount of euphoria and the way that prices were being chased up are nothing compared to the greatest one of all -- the English Premier League.br /br /When player wages are inflating at an increasing rate even as global fundamentals are declining you either call that a growth industry or a bubble. Some statistics: in the first Premier League season the average player wage was £75,000 per year, but subsequently rose by an average 20% per year for a decade (source: Wikipedia) and in 2006 a survey by The Independent and the Professional Footballers' Association found that salaries of EPL players had jumped by a massive 65% within one year to an average basic pay ...