Interest rates hit 21.5%, a deep recession ensued with unemployment reaching 11%, the agricultural sector slid into depression, a bubble burst in the energy sector, the real estate industry collapsed, and third-world debt burdens nearly brought down the mega banks.
These days focus is squarely on the bond market as the flashpoint where a bubble could burst.
FORBES: It Started With Tulips, Now Bubble-Watchers Are Looking To The Bond Market
Investors also fear a rise in bad loans should a property bubble burst as it did in Thailand.
That a housing bubble burst will propel us back into the Dark Ages.
Then a property bubble burst, causing real estate prices to plunge 65%.
On the other hand, those policies, years later, would be blamed for stimulating the housing boom that eventually led to a bubble that burst.
FORBES: Looking for Counterfactuals: The Seen versus the Unseen
Alas, a similar logic makes it hard to be as optimistic about America's stockmarket, which last suffered a bubble that burst, and stayed burst, 70 years ago before most of the people now dealing in equities were born.
Blitzstein expects, however, to see a slowing of growth rather than a burst bubble in part because the trend isn't dependent on one industry, but on an entire economy seeing the value in data.
Second, monetary policy must be unable to deal with the consequences of a burst bubble.
Some investors are beginning to think that clean tech itself was a bubble, and that bubble has burst.
Raising rates when markets are beginning to look effervescent could forestall the disruption that a bubble and subsequent burst would bring.
It is a not only a boutique industry, but has flourished in a bubble, a supply-side economic bubble, destined to burst.
This was a big bubble, and when it burst it had a big effect.
Look only at Japan for a painful reminder of the implications of a burst asset-price bubble.
Banks face more damage from the risky lending that primed a burst property bubble.
ECONOMIST: There seems to be no end to the troubles in Spain
Its problems were caused by a burst property bubble and can be solved, the Germans hope, by export-led growth.
ECONOMIST: Germany and the euro: We don't want no transfer union | The
Human population is probably a bubble and it might burst, as I postulate in my latest science fiction medical thriller The First Horseman.
We can't go back to a bubble-and-burst economy based on reckless speculation and spending beyond our means, where a relative few do spectacularly well while the middle class loses ground.
We had a technology company come to us some time ago, before the tech bubble burst, with a difficult problem.
Mr Greene made a mint betting that America's property bubble would burst, and therefore profited, in a sense, from the present misery of millions of Florida homeowners.
Britain's deficit proved to be unsustainable, causing the economy to suffer a hard landing once the bubble burst.
If speculation is your pick, beware of a sudden burst in the bubble.
Lax monetary policy allowed Americans to build up debts and fuelled a housing bubble that had to burst eventually.
Atul was set to make a killing, but a month later the technology bubble burst and Nomura backed out of the deal.
The bubble burst, a lot of art was unloaded quickly and Japan has yet to emerge convincingly from the recession that followed.
These part-timers have watched the value of their land fall dramatically since the property bubble burst over a decade ago, and have failed to make investments in their farms.
Regardless of whether there is a building gold bubble about to burst or if new highs are in the pipeline, the pertinent question for jewelry stocks is if demand from gold investors outweighs jewelry buyers.
Attacking them on the basis that there is a bubble would then be another mistaken intervention by the state in the free market. (Mr Greenspan is a noted libertarian.) On the other hand, if there is a bubble, it will eventually burst anyway.
He was working for a small contractor who had seen his business collapse after the housing bubble burst, and now was seeing a significant pickup in his work around this notion.
WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House
应用推荐