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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Archie Meeties who wrote (2616)7/7/2000 4:00:08 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
you seem to want to engage in semantic hair-splitting here. by all objective measures, this is a bubble. if not to historic precedent, to what would you like to compare it?

i actually don't believe it will be pierced by an external event...it will collapse on itself, as soon as credit expansion hits its natural limit (since the CB's do nothing to inhibit credit expansion).
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