Lost Decades
Life and Money in Times of Trouble
Lost Decades Primer
Cause and Effect
The Bursting Bubble
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The Bursting Bubble
The Bursting Bubble
October 25, 2011
Over the Top
The scent of easy money lures in the stragglers. Meanwhile, the market runs up the final mile on the left-hand side of the hill.
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Darkness Falls
Now it begins. A subtle change in mood occurs. As the nervous and the wise detach, the market shifts into reverse, and the bubble bursts.
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In the Basement
An epidemic of foolish lending and speculative borrowing always ends with the destruction of confidence in the financial system.
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