“I
n last issue’s Bursting Bubbles: Why the economy will go from bad to worse,’ economist Dean Baker examined how the boom economy of the ‘90s was built on three unsustainable bubbles. One—the stock bubble—has already burst. The other two bubbles—the dollar bubble and the housing bubble—are still with us, but not for long. These bubbles created the basis for the 2001 recession and the economy’s continuing period of stagnation.” From In These Times.
n last issue’s Bursting Bubbles: Why the economy will go from bad to worse,’ economist Dean Baker examined how the boom economy of the ‘90s was built on three unsustainable bubbles. One—the stock bubble—has already burst. The other two bubbles—the dollar bubble and the housing bubble—are still with us, but not for long. These bubbles created the basis for the 2001 recession and the economy’s continuing period of stagnation.” From In These Times.
