CEPR Seminar 9: Bubbles (Stocks &Housing) and How You Can Protect Yourself
55:59
-
3 years ago
Speculative bubbles have caused enormous distortions in the U.S. and world economy over the past decade. This session will explore what bubbles are, and why they happen. Topics include:
* The nineties stock bubble - what caused it, why it was bad, and what could have stopped it;
* The housing bubble - what caused it, why it was bad, and what could put an end to it; and
* How the experts missed the bubbles and the cost of their mistakes (a.k.a. how the Congressional Budget Office over-estimated capital gains tax revenue by $1 trillion).
***
View Dr. Baker's PowerPoint presentation here:
http://www.cepr.net/seminars/powerpoints/2005_11_10.pptSpeculative bubbles have caused enormous distortions in the U.S. and world economy over the past decade. This session will explore what bubb...all »Speculative bubbles have caused enormous distortions in the U.S. and world economy over the past decade. This session will explore what bubbles are, and why they happen. Topics include:
* The nineties stock bubble - what caused it, why it was bad, and what could have stopped it;
* The housing bubble - what caused it, why it was bad, and what could put an end to it; and
* How the experts missed the bubbles and the cost of their mistakes (a.k.a. how the Congressional Budget Office over-estimated capital gains tax revenue by $1 trillion).
***
View Dr. Baker's PowerPoint presentation here:
http://www.cepr.net/seminars/powerpoints/2005_11_10.ppt«
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