But there is, so far, little to support the fears, advanced by some, that following the stockmarket bubble and investment boom of the late 1990s, America is heading for a Japanese-style deflationary cycle from which, like Japan, it could take years to emerge.
Eventually even the most oblivious of us wakes up and realizes that easy money caused a bubble, not a boom, and then the rate must go up.
So-called super-angel investors have been driving the latest boom (or bubble) in Internet startups.
FORBES: What Startups Are Super-Angel Investors Looking to Fund Next?
Still, however painful, this is not the same sort of bubble as the first internet boom-and-bust.
His play, The Great Hargeisa Goat Bubble, managed to explain the boom and bust in credit derivatives leading up to the financial crisis of 2008-09, all with the help of a crazy parable involving goats.
New York's last real-estate boom began later than the bubble in the rest of the country, and lasted longer, until 2008, kept aloft by Wall Street bonuses.
WSJ: Manhattan Apartment Prices Look Low, After Adjusting for Inflation
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
Instead, voters chose the boom and bust of the dotcom bubble, when trillions of dollars were made and lost between 1995 and 2001, with 19 percent (3, 420 votes) selecting the moment as the most significant in the Web's history.
This, according to Treasury sources, would make it impossible for the FPC to force British banks to hold more capital, as a protection against losses and to slow down lending, as and when the FPC spots a new bubble, such as a renewed and worrying boom in the housing market.
One obstacle to this is the boom period from 1982 through the tech bubble-burst, to the housing bubble-burst.
If a panic caused Japanese to flee yen-based holdings, the U.S. dollar could soar in value, creating a dollar bubble that could fuel a temporary speculative stock market boom here.
If a panic were to cause Japanese to flee yen-based holdings, the U.S. dollar might soar in value, creating a dollar bubble that could fuel a temporary speculative stock market boom.
This is commendable, especially if it encourages bankers and traders to become less inclined to repeat the errors of the past, learn how to recognise a bubble and remember that what tends to follow a boom is a bust.
Many analysts are confident that the new boom won't explode like the 90s bubble burst.
In fact the incredible human population boom is largely an artifact of the carbon bubble.
The long-running housing market boom could turn out to be a speculative bubble whose bursting damages economic confidence and growth.
Many schools saw applications stagnate during the heady days of the late 90s dot-com boom, only for demand to soar when the bubble burst and budding tycoons decided they could safely step away from the business cauldron for a while to improve their skills.
Even the most hawkish participants in the FDIC symposium accepted that it was, even now, impossible to be sure whether the farm boom was justified by shifts in supply and demand or a bubble pumped up by irrational exuberance.
Mr Mishkin, a former Fed governor, draws a contrast between credit-boom bubbles and irrational exuberance in stockmarkets, such as the dotcom bubble.
The University of Texas just completed a major study concluding that the natural gas boom, the one that surprised everyone in recent years, is not a bubble.
Most people attribute the tech-stock boom to the madness of crowds, like the tulipomania of the 1600s and the South Sea Bubble of the early 1700s.
Just as it's easy to spot America's boom towns by looking at where immigrant growth has increased the most, the places where the bubble has burst are also instantly recognizable.
Few, especially readers of this bubble-obsessed newspaper, will be surprised to find that the Federal Reserve helped inadvertently to inflate the financial boom by keeping interest rates low and talking a lot about a productivity revolution, and that it deserves criticism for doing so.
ECONOMIST: When economics meets politics, guess which one wins
MBIA, and its peers like Ambac Financial Group, traditionally operated in the somewhat routine business of insuring municipal bonds but expanded into the mortgage market as the housing boom swelled and began writing insurance on mortgage-related instruments that turned sour en masse when the bubble burst.
FORBES: Morgan Stanley Settles MBIA Suits, Will Take $1.8B Hit
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