Then it took off during the bubble years of the new century, only to gain even more traction as the much of the western world plunged into economic crisis.
Broker-dealers like the former Bear Stearns played an increasingly important role in lending during the bubble years, in the growth of the commercial paper market, structured investment products and derivatives trading.
During the ensuing five years, the bubble burst, value stocks fared a lot better than tech stocks, and the clients who had left missed more than a sixty-per-cent gain relative to the market as a whole.
Many private homes, which sprang up all over the capital during the years of the "bubble economy, " are only partly filled because they are either too expensive or simply unsatisfactory.
The fact is: they succeeded during the years of the bubble market and then they predictably failed.
During the last decade the Fed spent many years denying the existence of a housing bubble, even as a mountain of evidence piled up to the contrary.
Delinquency is also most common among those who purchased their homes during the height of the bubble, 2005 through 2007, with a precipitous fall in delinquency in subsequent years.
Founded in 1875, Toshiba grew fat during Japan's 1980s bubble years, when the economy boomed on the back of land speculation and consumer spending reached dizzy heights.
And remember, I mentioned one of our biggest challenges during the course of the last two and a half years has been dealing with a huge burst of the housing bubble.
During his last years in power, Saddam was living in a bubble, a fake world sealed off from the real world by underlings too scared to tell him anything other than a pack of lies.
应用推荐