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.
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.
Some trace the bursting of the bubble to December 1999, and the peak for shares in telecoms firms.
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.
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.
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.
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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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.
And sure enough, the greed got seriously out of hand and then imploded, in fact twice, once with the bursting of the stock market bubble of 2000, and then even more seriously with the real estate and sub-prime mortgage bubble and resulting financial meltdown of 2008-2009.
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Amazon (AMZN) is an amazing success story, one of the few dotcoms that not only survived the bursting of the dotcom bubble in 1999, when its stock lost 95% of its value, but recovered and has prospered.
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.
Last year the industry added 30, 000 jobs, regaining about one-third of those lost after the bursting of the Internet bubble.
That is why the bursting of the tech bubble did not cause a financial, economic or political crisis.
The causes included a previous big rise in the fiscal deficit, and the bursting of a credit bubble.
This is a very different story from the bursting of the dotcom bubble.
As for Evans, the last we heard of him was shortly after the bursting of the tech bubble in 2001.
Elsewhere among the Western democracies, the bursting of the last bubble has led to doubts about the system that blows them.
We know that a major cause was the bursting of a housing bubble that had been driven by the extension of easy credit.
While all this was going on, the bursting of the stockmarket bubble was beginning to hurt the pension funds of the Big Three.
The bursting of the Japanese bubble a decade ago did not lead immediately to sharp contractions in output or a significant rise in unemployment.
The bursting of the housing bubble has led to hefty credit losses: most Western financial institutions are short of capital and some are insolvent.
Not even the bursting of the tech bubble halted the dilution.
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