Such levels would be nearly 200 basis points above the prior peak reached at the height of the credit-induced global growth bubble.
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On Friday, its shares ended the day in Tokyo at 1, 149 yen - a fraction of their peak of 16, 950 yen at the height of the Japanese stock market bubble in 2000.
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At the height of the art market's last cyclical peak, 1988-89, I wrote that Van Gogh's "Irises" was a junk bond.
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