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<p>[QUOTE=&quot;Cloudsweeper99, post: 1502184, member: 3011&quot;]I would say the tulip bulb example was a bubble.&nbsp; It involved (1) widespread public participation, (2) the use of leverage, (3) buying that was not for economic reasons but simply because the price was going up, and (4) created an economic dislocation large enough to damage the national economy.&nbsp; So I think the tech stock boom and real estate boom that followed probably qualify as bubbles.&nbsp; I think it&#039;s unusual for a single generation to witness, or be stupid enough, to get involved in two bubbles in their lifetime.[/QUOTE]</p><p><br /></p>

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