What bothers me is how the discussion around these issues never seems to get past the thought-bubble level.

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The installation guide was amazing and the built-in bubble level inside the unit is a feature that would do Apple very very proud.

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The housing bubble and the promiscuous issuance of exotic junk securities would never have reached the level they did had the Fed not been so recklessly loose in its monetary policy.

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The bad news is that even when all of the financial-crisis overhang subsides and the economy is thriving, it is unlikely that banks will be able to engage in the level of leverage that created outsize profits and stock valuations of the bubble days.

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The survey reached 74.2, its highest level since June and third highest since early 2008, before the housing bubble tipped the economy into recession.

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