Japan obliged, despite signs that its economy was overheating and a financial bubble was developing.
Now that Asia's financial bubble has burst, the scope for renewed strong growth remains.
Common sense and history would suggest that this bubble, like any financial bubble, has to eventually burst.
That is exactly what you might have expected after the bursting of the biggest financial bubble in history.
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Ukraine never blew a financial bubble to match Russia's last year, so was less hurt when it popped.
The lowest percentage of workless households was in 2006, at the height of the global financial bubble, when the ratio stood at 17.3%.
Until a month or so ago, the Fed had been fretting about a growing financial bubble and the risk of a pick-up in inflation.
Since pricking a financial bubble is a risky business, it is clearly better for central banks to step in early to prevent one developing.
In 2009, too late to prevent the financial bubble which had been facilitated by lax regulation, the watchdog abruptly began to show its fangs.
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No model in the world can prevent a financial bubble if monetary policy is too lax, or a recession if it is too tight.
The other half said: Horsepuckey, it's just a financial bubble.
Many officials at the Fed had been fretting about the growth of a financial bubble in America, and the risk that it might have exploded into future inflation.
Some credit retrenchment is of course expected in a recession, particularly in one triggered by a financial bubble, but after three years this measure shows little sign of trending upward again.
Such wishful thinking led to the financial bubble of 1997-98, when hot money from abroad piled into flimsy stocks and bonds, culminating in the default, devaluation and banking collapse of August 1998.
Yet if Mr Greenspan is in the least bit worried about a financial bubble and some of his comments over recent years suggest he is this week's rate rise looks like a botched job.
Returning to LinkedIn, while today's story about its IPO may be about whether it represents a new financial bubble in the Internet sector, the story in years to come will be its symbolism in changing the world in which social media companies operate.
The bears too have been surprised by the system's resilience, but they still see a large remaining financial bubble which they fear may burst, possibly plunging America and the world into a depression similar to that of the 1930s, or at least of the past decade in Japan.
Until the financial incentives bubble is popped, we can expect mis-allocations of financial, real and human capital to continue.
But beyond the financial incentives bubble, and the issue of complicit shareholders and analysts, there is also corporate group-think.
The resulting easy money and record low interest rates continuing for years further pumped up the housing bubble, causing financial chaos when the bubble inevitably burst.
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Yale economist Robert Shiller, like Mr. Thaler a leading behavioral economist, has expressed doubt that a consumer financial protection agency would have prevented the housing bubble and financial crisis.
As NPR's Richard Gonzales reports, some of those cities are now being pulled down even further by the financial crisis that bubble helped create.
That financial success imbues bubble participants with an aura of infallibility.
This has happened in the past, a good example being the South Sea Company in England, which in 1720 caused the first major financial crisis and bubble.
Extraordinary Popular Delusions and The Madness of Crowds, although someone should revise it and add new chapters on the Nifty Fifty bubble of the 1970s, Japan bubble of the 1980s, Asia financial crisis of 1997, dotcom bubble of 2001 and US housing bubble of 2007.
Kaplan said that housing bubble and financial sector concerns have made China a cheap equity play.
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The results have been disastrous, with the recent housing bubble and financial crisis being just the latest iterations.
But these might be decent problems to have considering the slump the city was feeling after the dot-com bubble and financial crisis.
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After the 2008 financial panic, the bubble inevitably burst.
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