One day, no doubt, the legacy of the Bubble Economy will pass into history.
General Chatichai's government, in 1988-91, is widely blamed for inflating the bubble economy which has now burst.
Shigeta, a college dropout, started shilling phones via his Hikari Tsushin in 1988 and rapidly grew with the bubble economy.
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When the bubble economy eventually popped, the banks were left with vast quantities of bad loans and almost worthless collateral.
The bubble economy of the 1990s and the rampant greed that accompanied it, testifies to capitalism's need for a moral compass.
When the bubble economy deflated, so did demand for his workers.
This disguised big regional variations, with the bubble economy in London pushing up prices there significantly, while they fell in other parts of the country.
Ironically, given the complaints about the bubble economy, the most common body upgrade is liposuction, a surgical procedure in which fat is suctioned from beneath the skin with a vacuum machine.
Credit for this (or blame, depending on your point of view) goes to the Bubble Economy of the late 1980s, when greater Tokyo was worth more than the entire state of California.
Japanese remember foie gras as a high-priced luxury of the bubble-economy years.
The survey reached 74.2, its highest level since June and third highest since early 2008, before the housing bubble tipped the economy into recession.
Many private homes, which sprang up all over the capital during the years of the "bubble economy, " are only partly filled because they are either too expensive or simply unsatisfactory.
In other words, Mr Mishkin suggests the Fed should cut interest rates before a deflating housing bubble affects the real economy, even though it resisted acting before an inflating bubble created dangerous economic distortions.
The reverse is also true: a sharp drop in the dollar could itself burst the stockmarket bubble, pushing the economy into recession.
Consider the U.S. bubble economy of the mid-1990s.
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However, as the U.S.-Soviet Cold War structure collapsed, and the world economy entered an unprecedented period of globalization, the 1980s Japanese economy bubble burst.
And while the Chinese housing bubble is a lot different than the U.S. housing bubble that nearly destroyed the economy, investors are worried that housing boom or bust is impacting everything from China banks, concrete makers and home builders.
On the other hand, due to the high oil prices and the bursting of real estate bubble, the USA economy is recently giving strong signals of a forthcoming stagflation: a recession with increasing inflation rate.
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It was because of conflict between the ministry's financial and fiscal responsibilities (which led to the asset-inflated bubble economy a decade ago and the subsequent banking mess) that administrative reform became popular in the first place.
Yet how can The Economist endorse Mr Greenspan's right-hand man, when we have long criticised the chairman for failing to curb the stockmarket bubble in the late 1990s, and later for propping up the economy by inflating a housing bubble?
Tsuneo Iida, an economist at Chubu University, claims that the financial mess left after the bursting of Japan's bubble economy was the Americans' fault.
That beats the previous record, set in 2000, just as the New Economy bubble was bursting.
It must prevent underwriting practices that inflate the housing bubble that ultimately deflated the economy.
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Wealth had peaked in the exuberance of 2007, as the housing bubble was popping and the economy began its nose dive.
Irrepressible consumer spending has helped the U.S. economy glide through two wars, recessions and the bursting of the Internet bubble--financial mayhem that should have brought the economy to its knees a long time ago.
To stimulate after the bursting of the housing bubble (which itself resulted from the low interest rates used to juice the economy following the bursting of the dot-com bubble), the Fed lowered interest rates to practically zero.
It slowly crawled back up, as the housing bubble pumped new energy into the economy.
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The biggest risk to the Australian economy is that the housing bubble could burst.
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But the danger is that central banks inflate another credit bubble, saving the economy from disaster in the short term but raising the stakes still further when the next crisis comes around.
When the federally-inflated bubble finally burst, the entire economy crashed in 2008.
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