The Bundesbank has given public warning about frothiness in the housing market.
That is the questionMar 3rd 2005 The global housing market: Flimsy foundationsDec 9th 2004The latest statistics certainly suggest frothiness.
OUR correspondents discuss global trade talks, frothiness in markets and financial firms' recruiting habits.
It is unaccountable, therefore, that in his testimony to Congress on July 21st (see article) he overlooked a new indicator of the frothiness of America's financial markets and its economy.
Although low borrowing rates are supporting the market, frothiness seems to be confined to some cities such as San Francisco where the supply of new homes is especially curtailed.
In "frothiness" it resembles only Microsoft's investments in cable and telecoms firms during the late 1990s, says Matt Rosoff at Directions on Microsoft, an independent research firm.It might therefore look like a somewhat desperate response to Google which, as the most popular search engine and biggest seller of online advertising, has been upstaging Microsoft.
Indeed, there is growing unease among central bankers that the collective effect of national monetary policies may have contributed to today's frothiness in markets round the world and that this may lead to either higher inflation or a financial crisis when bubbles eventually burst.Money, if not monetarism, is making a comeback in the way central bankers think about and carry out policy.
Several signs of frothiness have emerged.
In the gallery below you'll find something for all moods, from the unbridled epicness of Into The Wild and There Will Be Blood, to the hangover-ready frothiness of Priceless and Bridesmaids.
You needed a big cauldron to boil it, and once it started to ferment, a big, bubbling frothiness would grow before your eyes – people thought it was magic.
The point isn't, obviously, that markets are perfect information processors, or that speculation doesn't sometimes lead to frothiness.
