Everywhere I look, I see the word “bubble” - quickly followed by the word “burst” or “deflate”. So what exactly is a “bubble”? Well, it used to be the sort of thing that one had in a hot tub bath when there was a lot of soap.
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U.S. Service Sector Shows Signs of Life; Morgan Stanley to Slash More Jobs; Random House to Turn the Page on Chief Executive; Countrywide Rated “Underperform”, Shares Dive; Sprint Nextel Corp. Considering Spinning Off Nextel; Warren Buffett’s Warning; Principal Financial Slumps; Wal-Mart Widens Drug Plan Scope
Since the start of the year, the debate over the state of the U.S. economy seems to escalate by the day.
The ongoing subprime mortgage mess, the resultant credit crunch and daily stories about housing defaults, escalating oil prices and lousy corporate earnings only seem to further fuel the debate.
Of course, we all see the government reports and analyst research notes that seem to contradict one another from one day to the next - and sometimes from one hour to the next.