Reply #12: There Is No Such Thing As An Economic Bubble [View All]

[ProfessorGAC]

There was a speculative bubble in the stock market, but the GDP growth was real, the job market was near saturation, productivity was up as was P per worker, monetary velocity was at an all time high, and competition for capital was at a 100 year low (because the gov't wasn't borrowing huge sums of money).

That's a REAL economic boom and the current problems ALL began in May of 2001. If someone does a sound multivariate, polydimensional modeling of the macroeconomy, they will find the same things i did.

The Clinton "bubble" is a completely made up term. There is no such thing.
The Professor