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It was not a housing boom or a financial bubble.
Japan obliged, despite signs that its economy was overheating and a financial bubble was developing.
With a leak of industry in the country because everything is in a financial bubble!
This so-called "prosperity" was based on a financial bubble, and it has now burst.
Yet a financial bubble can inflate even when inflation in goods and services remains low.
He did, by the way, say last September that the global economy faced a financial bubble.
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There were also, however, many shining examples of journalists doing their jobs well, asking tough questions, getting surprising answers, and presenting them to a world still stuck inside a frothy financial bubble about to burst.
BERLIN, Dec 1 (Reuters) - An American who won this year's Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine.
Yet when combined in one market they produced a giant financial bubble that did just that.
"This is a classic credit boom, with money being thrown at Turkey, especially the banks," said Tim Lee, an independent economist at Pi Economics in Greenwich, Conn., who has warned for years of a Turkish financial bubble.
The less we know, the easier it is for reckless gambling to return to capitalism's casino, and for Washington to look the other way as a new financial bubble inflates.
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