[alarmclock]

From Page 2 of the most recent version of the paper (2006):
Defining a Bubble
Charles Kindleberger (1987) defined a bubble this way:
a sharp rise in price of an asset or a range of assets in a continuous process, with the initial
rise generating expectations of further rises and attracting new buyers—generally
speculators interested in profits from trading rather than in its use or earning capacity. The
rise is then followed by a reversal of expectations and a sharp decline in price, often
resulting in severe financial crisis—in short, the bubble bursts.

Also, looks like his wife offers financial advice: http://www.smithfinancialplace.com/ I wonder if they recommended buying MBSs on option, 30-to-1 leverage. She has a book coming out, Houseonomics, May 2008: http://smithfinancialplace.com/?q=node/27 ??

[alarmclock]

From Page 2 of the most recent version of the paper (2006):
Defining a Bubble
Charles Kindleberger (1987) defined a bubble this way:
a sharp rise in price of an asset or a range of assets in a continuous process, with the initial
rise generating expectations of further rises and attracting new buyers—generally
speculators interested in profits from trading rather than in its use or earning capacity. The
rise is then followed by a reversal of expectations and a sharp decline in price, often
resulting in severe financial crisis—in short, the bubble bursts.

Also, looks like his wife offers financial advice: http://www.smithfinancialplace.com/ I wonder if they recommended buying MBSs on option, 30-to-1 leverage. She has a book coming out, Houseonomics, May 2008: http://smithfinancialplace.com/?q=node/27 ??

[alarmclock]

From Page 2 of the most recent version of the paper (2006):
Defining a Bubble
Charles Kindleberger (1987) defined a bubble this way:
a sharp rise in price of an asset or a range of assets in a continuous process, with the initial
rise generating expectations of further rises and attracting new buyers—generally
speculators interested in profits from trading rather than in its use or earning capacity. The
rise is then followed by a reversal of expectations and a sharp decline in price, often
resulting in severe financial crisis—in short, the bubble bursts.

Also, looks like his wife offers financial advice: http://www.smithfinancialplace.com/ I wonder if they recommended buying MBSs on option, 30-to-1 leverage. She has a book coming out, Houseonomics, May 2008: http://smithfinancialplace.com/?q=node/27 ??

[alarmclock]

From Page 2 of the most recent version of the paper (2006):
Defining a Bubble
Charles Kindleberger (1987) defined a bubble this way:
a sharp rise in price of an asset or a range of assets in a continuous process, with the initial
rise generating expectations of further rises and attracting new buyers—generally
speculators interested in profits from trading rather than in its use or earning capacity. The
rise is then followed by a reversal of expectations and a sharp decline in price, often
resulting in severe financial crisis—in short, the bubble bursts.

Also, looks like his wife offers financial advice: http://www.smithfinancialplace.com/ I wonder if they recommended buying MBSs on option, 30-to-1 leverage. She has a book coming out, Houseonomics, May 2008: http://smithfinancialplace.com/?q=node/27 ??

[alarmclock]

From Page 2 of the most recent version of the paper (2006):
Defining a Bubble
Charles Kindleberger (1987) defined a bubble this way:
a sharp rise in price of an asset or a range of assets in a continuous process, with the initial
rise generating expectations of further rises and attracting new buyers—generally
speculators interested in profits from trading rather than in its use or earning capacity. The
rise is then followed by a reversal of expectations and a sharp decline in price, often
resulting in severe financial crisis—in short, the bubble bursts.

Also, looks like his wife offers financial advice: http://www.smithfinancialplace.com/ I wonder if they recommended buying MBSs on option, 30-to-1 leverage. She has a book coming out, Houseonomics, May 2008: http://smithfinancialplace.com/?q=node/27 ??

[alarmclock]

Nevermind, I hadn’t read this yet
http://piggington.com/a_nother_brief_moment_on_the_bear_stearns_situation

[alarmclock]

Nevermind, I hadn’t read this yet
http://piggington.com/a_nother_brief_moment_on_the_bear_stearns_situation

[alarmclock]

Nevermind, I hadn’t read this yet
http://piggington.com/a_nother_brief_moment_on_the_bear_stearns_situation

[alarmclock]

Nevermind, I hadn’t read this yet
http://piggington.com/a_nother_brief_moment_on_the_bear_stearns_situation

[alarmclock]

Nevermind, I hadn’t read this yet
http://piggington.com/a_nother_brief_moment_on_the_bear_stearns_situation

[alarmclock]

1) So the Fed intervened by offering credit to support JP’s acquisition of Chase… what *exactly* did the Fed’s intervention prevent? Isn’t this pretty much the worst-case scenario for Bear?

2) WTF did sarbox actually do for anyone?

3) If this is a domino (carlyle > bear), who is the next go go? Will it be Lehman?

[alarmclock]

1) So the Fed intervened by offering credit to support JP’s acquisition of Chase… what *exactly* did the Fed’s intervention prevent? Isn’t this pretty much the worst-case scenario for Bear?

2) WTF did sarbox actually do for anyone?

3) If this is a domino (carlyle > bear), who is the next go go? Will it be Lehman?

[alarmclock]

1) So the Fed intervened by offering credit to support JP’s acquisition of Chase… what *exactly* did the Fed’s intervention prevent? Isn’t this pretty much the worst-case scenario for Bear?

2) WTF did sarbox actually do for anyone?

3) If this is a domino (carlyle > bear), who is the next go go? Will it be Lehman?

[alarmclock]

1) So the Fed intervened by offering credit to support JP’s acquisition of Chase… what *exactly* did the Fed’s intervention prevent? Isn’t this pretty much the worst-case scenario for Bear?

2) WTF did sarbox actually do for anyone?

3) If this is a domino (carlyle > bear), who is the next go go? Will it be Lehman?

[alarmclock]

1) So the Fed intervened by offering credit to support JP’s acquisition of Chase… what *exactly* did the Fed’s intervention prevent? Isn’t this pretty much the worst-case scenario for Bear?

2) WTF did sarbox actually do for anyone?

3) If this is a domino (carlyle > bear), who is the next go go? Will it be Lehman?

[Author]

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