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Peter Schmidt

Do Central Bankers Know a Bubble When They See One?

Mises Wire

Author: Peter Schmidt

Online Publish Date: January 1, 2017

Between 2000 and 2008, two of the largest financial bubbles in history — in technology stocks and housing, respectively — suffered spectacular collapses. Opinions vary, but some market commentators believe at the peak of the tech bubble, total stock market capitalization exceeded 180% of US GDP. To put this in perspective, the tech stock bubble

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