“Great time for US consumers, America is on sale,” says an item at YahooFinance. The “discounts are unbelievable,” adds a blogger known as Frugal Rhode Island Momma.
October 12th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "financial bubble"
The Wrong Kind of Bubbles
After the bubble in tech shares blew up in 2000-2001, another bigger bubble – in residential property – took its place. It was aided and abetted by coincident bubbles in mortgage derivatives – notably in the sub-prime area – and in the financial industry, generally. The popping of those bubbles is what has dominated the financial headlines for the last year. It is also what has ended the “The Great Moderation.”
June 2nd, 2008 | Bill Bonner | 3 comments | Continued