Miami spent years partying on a crypto-fueled high. I went to check out the brutal comedown.
An icon in the shape of a person's head and shoulders. It often indicates a user profile.To be successful on Wall Street, you have to be able to recognize the changing market winds — patterns that inform investors when it's time to get in and when they need to get out. Sometimes, the winds are a warm and inviting breeze: Assets rise in value and everyone seems to be making money.
Not that the city's longtime residents are rattled by any of this. Miami has been home to many a frenzy — the land grabs of the 1920s, the cocaine boom of the '80s, and the real-estate bust of 2008. Every time there is a boom, the city is invaded. And every time there is an inevitable bust, the carpetbaggers clear.
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