His current policy is to inflate another stock market bubble to cure the recession that resulted from the bursting of the housing bubble, which was itself inflated to counter the effects of the bursting tech stock bubble.
Consumer inflation in China is running in the 5% range and the central bank is keen to bring it down closer to 4% without bursting the bubble in real estate.
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To stimulate after the bursting of the housing bubble (which itself resulted from the low interest rates used to juice the economy following the bursting of the dot-com bubble), the Fed lowered interest rates to practically zero.
There are three reasons why a house-price bubble might cause more harm on bursting than a stockmarket bubble.
Some trace the bursting of the bubble to December 1999, and the peak for shares in telecoms firms.
Buy and Hold died with the Tech Stock Bubble bursting in March 2000.
There is also the financial debris left by the bursting of a bubble.
The Fed may be offsetting the bursting of one bubble by inflating another.
Every 5 years or so there is a bubble bursting or amazing deals available because of a change in the economy.
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As far as he is concerned, the only real issue is how painful the inevitable bursting of the bubble will be.
The consequent bursting of that bubble has been painful for the economy, with virtually no growth in the four years to 1995.
The market had gotten over the tech bubble bursting and was being fueled by an overexpansion of another sort, in the housing market.
Thats what a housing bubble bursting in the US looked like and that is not what one is going to look like in China.
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Bill Dudley, an economist at Goldman Sachs, argues that a big increase in America's budget deficit was inevitable after the bursting of its bubble.
Everyone has been so concerned about a property real estate bubble bursting over the last year but the steps to deal with it have worked.
Energy down 9% with the overall CRB commodity index losing almost 5% is at the very least the temporary bursting of a bubble.
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The latest round of bubble bursting measures comes after home prices began to show renewed strength despite stricter bank lending to developers and second-home buyers, in particular.
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Tech research outfit Gartner expects to see PC shipments record their first year-over-year decline since the recession in the aftermath of the tech bubble bursting 12 years ago.
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Second, if investors and firms believed that the Fed, say, would raise interest rates as equity prices soared, they would have borrowed less, so the bursting of the bubble would have less potential for wreaking havoc.
That may not be the worst thing, given the excesses that led the the bubble bursting five and a half years ago, but Alpert thinks one of the knock-on effects is housing demand from institutional investors masking the fact that shadow inventory is still a significant overhang on the market.
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That beats the previous record, set in 2000, just as the New Economy bubble was bursting.
European venture-capital firms lost money during 2000-10 after the bursting of the dotcom bubble.
That is partly because of the recession and the bursting of a credit bubble.
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When the bet went wrong with the bursting of the dotcom bubble, funds went into deficit.
Indeed, continental European savers' appetite for equities never recovered from the bursting of the dotcom bubble.
Since the bursting of the tech bubble in March 2000, the markets have had a torrid time.
Despite the bursting of the Dean bubble, Mr. Trippi's team did change campaign politics in fundamental ways.
Bursting the pop culture bubble of Web-savvy wunderkinds, the Institute asserts that youth is actually a disadvantage.
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Last year the industry added 30, 000 jobs, regaining about one-third of those lost after the bursting of the Internet bubble.
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