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.
Greenspan mistakenly believes our once-exuberant stock market meant we were experiencing our version of Japan's 1980s bubble economy.
Shigeta, a college dropout, started shilling phones via his Hikari Tsushin in 1988 and rapidly grew with the bubble economy.
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Its days have been numbered since the collapse of the Berlin Wall coincided with the bursting of Japan's bubble economy.
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.
After Japan's bubble economy burst and the domestic ski market went into a tailspin, Asics fell into the red for eight years from 1992.
Commercial bankers, once the poor relations in Russia's bubble economy, are now discreetly enjoying the pickle in which their investment banking colleagues have landed.
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.
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.
In Britain, another post-property-bubble economy, the rate is also rising markedly.
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.
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.
In a 20-year period, Cape ostrich feathers tripled in value, and at their peak their price per pound was almost equal that of diamonds--in hindsight, a sure sign of a bubble economy.
Consider the U.S. bubble economy of the mid-1990s.
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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.
Japanese remember foie gras as a high-priced luxury of the bubble-economy years.
But in doing so, Asian institutions need to maintain a cautious conservatism in the face of unfamiliar booms that could so easily go bust, as Japan's bubble-economy bankers have seen.
That beats the previous record, set in 2000, just as the New Economy bubble was bursting.
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.
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.
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.
Obviously, at the end of that eight years, we know that there was a .com bubble that hurt our economy.
The reverse is also true: a sharp drop in the dollar could itself burst the stockmarket bubble, pushing the economy into recession.
With Spain's housing bubble burst and the economy contracting, Mariano Rajoy's conservative Popular Party swept to power in a landslide general election win in November 2011.
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.
Until late in 2011, the focus of policymakers in China was on tamping down inflation, stocked by a surge of stimulus spending in 2008-2009 that led to a real estate bubble and an overheated economy.
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