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Behind the birth of bubbles: Schumpeter and the composite waveform
http://marketmelange.blogspot.com/ 2008/ 05/ behind-birth-of-bubbles-schumpeter-…Warning: This post is for long-term investors only ! Since the beginning of the financial crisis, we've heard a lot about the credit cycle model and how debt and speculation could play a major role in the business cycle. Irving Fisher, Hyman Minsky for example came back to life to explain us how this crisis would unfold.
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