Bubbles and Global Financial Crisis - 1995-Present   Tech bubble   Real estate and credit bubbles   Financial crisis   Eurozone deterioration   Price/Earnings ratios
	The Tech Bubble of the late 1990s   Tech bubble began in 1995 -   Began in 1995 -   Why did it occur at all? -   Why did it occur then - vs. 1985 or 2005? -   International real estate bubble also began in 1995 -   Economists have no explanation -   Blaming Greenspan/2003 is not credible   Mainstream economists can't explain anything since 1995 -   Can't explain tech bubble -   Can't explain real estate bubble -   Can't explain credit bubble -   Didn't foresee the financial crisis -   Didn't foresee where we are today -   Have no idea what's going to happen next   Pending crises -   Europe: Greece, Ireland, Portugal, Spain, Italy, Belgium -   China: Massive real estate bubble about to pop -   U.S.: Federal, state debt. Pensions bankrupt.
	Price/Earnings ratios S&P 500 Price/Earnings Ratio (P/E1) 1871 to August 2010   Price/Earnings ratios -   Stock price / last 12 months' reported earnings -   Well above average (13.91) since 1995 -   WSJ: Current (5/20/2001) S&P 500 P/E ratio: 16.58 -   Apply the Law of Mean Reversion   Continuing fraud -   Fraud: 'Operating earnings' or 'forward earnings' -   Became common after the 1990s tech bubble -   Named names on my web site
	Generational credit bubbles   How money is 'created': Securitization of debt -   Tulipomania - 1637 - Tulip future share -   South Sea Bubble - 1621 - South Sea shares -   Bankruptcy of French Monarchy - 1789 - 'assignats' -   Panic of 1857 - Railway Shares -   1929 - Foreign bonds and stock shares -   2000s - Synthetic securities (CDSs, CDOs, IRSs)   Collapse of bubble -   Huge deflationary spiral -   Not (hyper)inflation
	Generational pervasiveness of bubble fraud   Pervasiveness of fraud -   Homeowners lied on their applications -   Construction firms colluded with appraisers, got kickbacks -   Construction firms colluded with brokers, got kickbacks -   Lenders resold mortgages without verifying claims -   Lenders adopted predatory lending practices -   Lenders gave loans to people with no hope of repaying -   'Financial Engineers' created synthetic securities -   Synthetic securities were mathematically fraudulent -   Investment models assumed real estate would rise forever -   Ratings firms took fat fees to lie about AAA ratings on securities -   Monoline firms took fat fees to insure fraudulent securities   Only explanation is generational -   Incompetent, greedy Boomer bosses, cooperating with -   Nihilistic, greedy Gen-X perpetrators
	DJIA - 1900 to 2010 Dow Jones Industrial Average -- 1900 - present
	DJIA - 1900 to 2010 + exponential growth Dow Jones Industrial Average -- 1900 - present - with exponential growth trend curve
	DJIA - 1900 to 2010 + exponential growth on log scale Dow Jones Industrial Average -- 1900 - 1950 - with exponential growth trend curve / log scale
	Generational euphoria / denial Generational 'moods' overlaying Dow Industrials since 1950   1970s models, 1990s models are irrelevant today -   Inflation vs deflation -   Economics of the Maginot Line   Boomers and Generation-Xers -   'Financial engineering' programs - 1990s -   Greed+Incompetence with Greed+Nihilism
	Global Real Estate Bubble Housing price index in various countries, 1970-2008
	Tobin's q and Shiller's CAPE Tobin's q and Shiller's CAPE indexes (Smithers & Co.)

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