Think for yourself

Remember the wild boom during the late 1990s—and its explosive, crashing bust a few years later? Or the once-unimaginable slide of the mighty Japanese economy that took financial markets around the globe by surprise? What drove these events—both their rise and fall?

In the case of the boom, investors became caught up in the flurry of inflated value placed in companies that existed mostly on paper. And when those companies dissolved, a stampede took place in people's thinking with a massive shift from high expectations to deflation and, for many, heavy losses.

This is the end of the issue. Ready to explore further?
August 23, 2004

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