The Economist (October 20)
2012/ 10/ 22 by jd in Global News
“A big market crash happened 25 years ago this week. The wrong lessons were taken from Black Monday. ” One important lesson went unheeded as both the Internet and real estate bubbles inflated. “Any extended period of rapidly rising prices is an indication of a bubble—and that sadly there is no painless way to clean up the mess after the bubble pops.”
Tags: Black Monday, Bubbles, Internet, Real estate
