An economic bubble
(sometimes referred to as a "speculative bubble", "market bubble", "price bubble", "financial bubble", or "speculative mania") is "trade in high volumes at prices that are considerably at variance from intrinsic values" (Garber 1990; Levine, Zajac 2007).
Even the string of "surpluses" in the late 1990s - a product of a record tax hike, a soon-to-burst economic bubble
and federal bookkeeping legerdemain - failed to halt the debt's annual rise.
Unless stronger measures are implemented promptly in China, under the inconvertibility of the capital account and heightened political investment incentives, the economic bubble
could be unprecedented in size and duration.
That was just before the economic bubble
burst and Japan entered a 15-year period of decline.
Tokyo's nightclub industry has undergone staggering growth since its birth a little more than 10 years ago amid the wreckage of Japan's burst economic bubble
On Monday, the day after the upper house election in which the Koizumi administration won a public mandate, the Nikkei Stock Average plunged to a record low since the collapse of the economic bubble
Instead, it faces soar-away inflation which will, in turn, burst the economic bubble
and b ring recession.
The toll road is the fruit of some 35 years of planning and more than eight years of construction, which started amid the height of Japan's economic bubble
in the 1980s.
However, ever since predictions of an economic bubble
burst came to fruition in 2000, we have seen a severe increase in the number of rate changes, likely the result of local, city, county, and state needs to increase revenue and balance budgets.
The survey also found that 56 companies expect an economic bubble
may burst in some emerging economies such as China and India in 2011 or in the next several years.
Many of the arms they are taking up, such as zero interest rates and huge fiscal stimulus packages, are similar to those used by Japan after its economic bubble
The gap was about 10 trillion yen during the economic bubble
that lasted from the late 1980s to the early 1990s, when tax revenues were huge.