Contrary to the post-bubble narrative of a buyer-less housing glut, inventory levels in some markets have contracted.
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There is some truth in this, but the awkward fact is that post-bubble economies tend to be deflation-prone.
Since the broad Topix stockmarket index slumped to a post-bubble low in October 1998, it has climbed by 70%.
Until such saviors arrive, IPOs in these post-bubble days will have to do old-fashioned work: Find customers and book sales.
Meantime, the U.S. housing market is still sagging, as it surely must if prices are to adjust to post-bubble reality.
But if the jury disagrees, prosecutors will have made it blindingly clear what led to the company's spectacular post-bubble bankruptcy in 2001.
Thus, even without the tax deduction, low mortgage rates and years of post-bubble price declines have made buying much cheaper than renting.
In America and other post-bubble economies, a real V-shaped bounce seems fanciful.
Unemployment, now 3.9%, may head back towards the post-bubble high of 5.5%.
In post-bubble 2001 on Nasdaq, it'll be a bit easier than that, even if it's not as easy as it was last year.
Policy errors are partly to blame for Japan's plight, but the awkward fact is that post-bubble economies tend to be prone to deflation.
The pressure on companies to cut costs is nothing like it was when Japan was trying to dig itself out of its post-bubble mess.
ECONOMIST: Japan has long hoped for a bit of inflation��but not this sort
This risk-averse habit is a legacy of the post-bubble deflation years, when the zero nominal return on cash looked pretty good compared with the alternatives.
ECONOMIST: Japan has long hoped for a bit of inflation��but not this sort
Third, the big albatross on returns has been the post-bubble crisis.
Coming of age in a stagnant, post-bubble world of shrunken possibilities, they are angry, indulgent, individualistic--and perhaps Japan's best hope for developing a more dynamic and responsive society.
In the post-bubble era, no one was investing in content for the web because there was no economic model to support it, but by 2003-04 a number of things were happening.
This has enabled households to postpone their post-bubble belt-tightening.
Capitalizing on Southern Florida's nascent housing rebound, Perez has more than a dozen new apartment buildings in or about to start construction, including one of Miami's first new post-bubble condo projects, MyBrickell.
And so one of our challenges now, and I've been speaking about this for many months now, is how do we get what I call a post-bubble growth model, one that is sustainable.
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The substantial drop in delinquency rate and loan-to-value ratio for borrowers who purchased homes in the years after 2007 is likely a product of the tightened lending standards implemented in the post-bubble housing market.
"The post-bubble years were excellent, because values had come down a bit and businesses were better-managed, " says Bernard-Louis Roques, co-founder of Truffle Capital, a Paris VC firm that invests in Internet, biotechnology and energy-related start-ups.
"For a fire to keep on burning late into the night, you need the logs to catch, and the world's economic firewood has long since been soaked by oversupply and feeble demand now exacerbated by a post-bubble psychology discouraging risk taking, " observes Gross, who still believes stocks are overvalued.
For more on that, check out my post Beware The Bubble In Homebuilders As Home Prices Rise.
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In other words, the new definition may provide the legal framework needed for private lenders to more confidently service mortgages in a post-housing bubble industry that has largely been dominated by Fannie Mae, Freddie Mac and government agencies like the Federal Housing Administration.
FORBES: Could New Tighter Mortgage Rules Actually Ease Lending?
In Britain, another post-property-bubble economy, the rate is also rising markedly.
Why there was so much money to be made, why the game went on as long as it did, and the bubble got as big as it did, is the subject of another post.
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The post-crash rally in these securities was more likely a feature of a long-run bubble in the dollar itself in response to macroeconomic conditions.
As I noted in a previous post, while the deal pales in comparison to some of the insanity that took place in the bubble years, the LinkedIn IPO ranks among the most impressive first-day moves in the last 10 years.
FORBES: LinkedIn's Stunning Public Debut Heightens Fears Of Bubble 2.0
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