…an additional effect on GNP due to the bubbles. First overestimates of the amount of technological progress due to the internet caused an additional increase in employment and output beyond…

…more virulent L-shaped near-depression or stag-deflation (a deadly combination of economic stagnation and price deflation) like the one Japan experienced in the 1990s after its real estate and equity bubbles…

…much broader than they would be if market manipulators were trading their own money and the conditions for sophisticated traders to buy into bubbles are weaker. Using his BA in…

…payment was zero. Banks have only themselves to blame for setting the breakup fee too low. Bubbles, greed, and bailouts, not walking away, are the real moral hazards. And if…

…weren’t so well collateralized? No one seems to care about where all the money went, but one thing I do know is that in the world of finance bubbles are…

…triumph of engineered euphoria over evidence. The most basic and alarming parallel is the creation of asset bubbles, in which the purveyors of securities use very high leverage; the securities…

…reflection of my ignorance about how commodities futures markets actually work: how can speculation systematically keep the spot price of oil high? Put another way, are speculative bubbles possible in…

…a “regulatory substitute” that can minimize asset bubbles? Q: Is the recent Interagency Credit Risk Management Guidance for Home Equity Lending such an attempt? Greenspan responded: Bank Regulatory policies are…

…decreased by 34.77 pct”. That is exactly how a housing bust usually works: “Housing “bubbles” typically do not “pop”, rather prices tend to deflate slowly in real terms, over several…

…long term interest rates – and asset price bubbles. Both of these in turn entail their own set of risks to the economy. So if these are indeed potential problems,…