by Cato 5/4/15
First launch, “new economy”-fueled technology bubble. Oops.
Second launch, “affirmative credit”-fueled housing bubble. Ouch.
Third launch, central bank “QE & ZIRP”-fueled financial asset bubble. Third time’s the charm? Or three strikes and you’re out?
Graphic from Mark Perry’s AEI blog, “Carpe Diem.”
Michael Booth, often posting and commenting as Cato, lectured in finance and economics at the Univ. of Texas, and worked for 20 years as an independent contractor and managerial trainer on financial topics in the technology industry.
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