It created a bubble economy dominated by property, he adds, one less able to weather the current storm than more diversified economies like those of Singapore or Taiwan.

CNN: FIGHTING 'GODZILLAS'

For Mr Lindsey has made no secret of the fact that he considers the American economy to be suffering from an asset-price bubble.

ECONOMIST: The

It was Mr Mieno who was responsible for popping the bubble and he was far too late in realising how much damage this would do to the economy.

ECONOMIST: Buttonwood

This has been -- had a profound impact on our economy, and the President has worked since he took office to help alleviate the damage that the bursting of the housing bubble has caused to our economy and to help homeowners refinance their homes, for example, or get forbearance in order to stay in their homes.

WHITEHOUSE: Press Briefing

He rightly points out that any assessment of America's economy based on the peak of its Internet bubble in 1999-2000 would be misleading.

ECONOMIST: Global politics