Blowing Bubbles
December, 2008
OUR CURRENT FINANCIAL CRISIS ISNOT WITHOUT PRECEDENT. HERE'S WHATCAN BE DONE TO HELP AMERICANSMost people find it difficult to gauge the seriousness of our current financial crisis because they don't see its causes. The crisis really started with three speculative bubbles: in the stock market in the 1990s, closely followed by another in housing and a third in the oil market.It is a curious fact that the Great Depression was preceded by the same three bubbles. We all know about the 1920s stock-m...
