For several years, I argued that America s economy was being supported by a housing bubble that had replaced the stock market bubble of the 1990 s.

But talk of bubbles keeps reappearing new or continuing housing bubbles in many countries, a new global stock market bubble, a long term bond market bubble in the United States and other countries, an oil price bubble, a gold bubble, and so on.

Overheating in the housing market was brought to an end in late September 2007, nipping a nascent nationwide bubble, and a stock market bubble was punctured the following month.

NEW HAVEN You might think that we have been living in a post bubble world since the collapse in 2006 of the biggest ever worldwide real estate bubble and the end of a major worldwide stock market bubble the following year.

Investors could create a stock market bubble, encouraging even more naïve investors to concentrate their personal retirement accounts in the stock market and leaving them dangerously exposed when it crashes.

Indeed, according to Sinai, higher oil prices are the biggest risk...since the bursting of the stock market bubble in 2000 2001.

The decline in the WES indicator during the last two quarters was the sharpest since 2001, when the stock market bubble burst.

Until recently, the US asset price bubble first in the stock market, then in real estate masked the underlying depreciation of American enterprises.

Many firms during the bubble had no hope of making enough money in the short run to justify their sky high stock prices.

As a result, a housing bubble, a mortgage bubble, an equity bubble, a bond bubble, a credit bubble, a commodity bubble, a private equity bubble, and a hedge funds bubble are all now bursting simultaneously.

)The 18th through 21st birthdays of this generation coincide with the economic downturn starting with the collapse of the stock market bubble in 2000.

Even if Japan had never experienced a real estate and stock market bubble, the meteoric rise of its giant neighbor China would have been a huge challenge.

The US government has been particularly aggressive in supporting the stock market since the peak of the equities price bubble in 2000, most notably cutting interest rates repeatedly.

Worse, in America stock options became a preferred form of compensation often worth more than an executive s base pay. Stock options reward executives generously even when shares rise because of a price bubble and even when comparable firms shares are performing better.

The felonies of which Greenspan stands accused are the other two charges that he should have done more to stop the stock market bubble of the late 1990 s, and that he should have done more to stop the housing bubble of the early 2000 s.

Bubble Spotting

America s Education Bubble

A bubble forms when the contagion rate goes up for ideas that support a bubble.

The crisis was caused by the largest leveraged asset bubble and credit bubble in history.

That bubble has burst.

They had no compunction about calling a bubble a bubble, or in intervening to deflate it.

And to do that it needs to create a housing bubble to replace the Nasdaq bubble.

T hat has to subtract growth and could cause core inflation to pick up. Indeed, according to Sinai, higher oil prices are the biggest risk...since the bursting of the stock market bubble in 2000 2001.

Increased fear of competition from emerging countries is also a natural consequence of the collapse of the speculative bubble in equities in 2000 stock markets in some countries fell to less than half their peak value.

The Fed is unlikely to be able to reduce long term rates any further. Their level is now so low that many investors rightly fear that we are looking at a bubble in bond and stock prices.

The Great Emerging Market Bubble

Talk about a bubble mentality.

They made the bubble burst.

Israel s Election in a Bubble

Frei Otto was starting to use foam bubble diagrams and foam bubble models to generate his Mannheim Concert Hall.

Greenspan stoked two bubbles the Internet bubble of 1998 2001 and the subsequent housing bubble that is now bursting.

But no bubble can expand forever.

The Illusion of a Chinese Bubble

Unlearned Lessons from the Housing Bubble

So in a sense, the Chinese bubble as much an intellectual and political bubble as an economic one has burst.

But, while the history of stock market prediction is littered with too much failure to try to decide whether the bounceback will continue much longer, it doesn t look like a bubble, but more like the end of a depression scare.

Understandably, Chinese officials worry about bubble trouble.

The Gold Bubble and the Gold Bugs

A stock index or stock market index is a measurement of the value of a section of the stock market.

Stock left

In the US, for example, new securities laws were passed following the stock market crash of 1929, and the Sarbanes Oxley Act was adopted in 2002, in the immediate aftermath of the collapse of the Internet bubble and the Enron and WorldCom scandals.

By exploiting a record credit bubble to borrow against an unprecedented property bubble, American consumers spent well beyond their means for many years.

The Internet bubble was unusual in this regard.

The bigger the bubble, the greater the collapse.

Maybe the word bubble is used too carelessly.