This paper presents the view that the high-tech-bubble of the late 1990s was merely a normal market correction.
Written in 2005; 1,125 words; 2 sources; $ 44.95
Paper Summary:
The paper discusses how some enterprising economists have made the argument that the infamous tech-bubble of the late 1990s and first part of 2000 could actually be interpreted as an expression of an efficient market merely correcting itself. The paper explains that this concept is also expressed as a rational bubble as opposed to an irrational bubble, to make the argument that, in effect, the high-tech stock meltdown beginning in April of 2000 was only a normal market correction in an, admittedly, over-heated market.
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