NEW HAVEN – You might think that we have been living in a post-bubble
world since the collapse in 2006 of the biggest-ever worldwide
real-estate bubble and the end of a major worldwide stock-market bubble
the following year. But talk of bubbles keeps reappearing – new or
continuing housing bubbles in many countries, a new global stock-market
bubble, a long-term bond-market bubble in the United States and other
countries, an oil-price bubble, a gold bubble, and so on.
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