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The False Allure of Bubble Economics

The False Allure of Bubble Economics
Melody Yang performs at the Gazillion Bubble show plays at New World Stages in New York, March 22, 2014. Samira Bouaou/Epoch Times
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Ten years after the last financial crisis, the effects of the bust have largely been forgotten. And why not? Things could hardly be better.

The stock market is booming. Unemployment is approaching levels not seen since the early 2000s, and before that not since the 1960s. Even discouraged workers are coming back into the labor force.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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