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bubbles (The railway boom 1835-1836 (law passed: joint stock banking,…
bubbles
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Japan 1980s
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Government mistakes
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Banks were not allowed to default and this created zombie banks which in turn lent out to zombie firms
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Subprime crisis 2007
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debt-deflation: Almost stage 10 (banks were saved, no depositor money lost)
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Nifty Fifty in 1973–4
Not really a bubble, valuations were justified on fundamentals
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