Pop!; why bubbles are great for the economy.9780061151545 Pop!; why bubbles are great for the economy. Gross, Daniel. Harper Collins Publishers 2007 232 pages $22.95 Hardcover HG4521 While not denying the pernicious pernicious /per·ni·cious/ (per-nish´us) tending toward a fatal issue. per·ni·cious adj. Tending to cause death or serious injury; deadly. downsides of economic investment bubbles, Gross ("Moneybox" columnist columnist, the writer of an essay appearing regularly in a newspaper or periodical, usually under a constant heading. Although originally humorous, the column in many cases has supplanted the editorial for authoritative opinions on world problems. for Slate) suggest that the "sackcloth-and-ashes approach misses part of the story." He therefore endeavors to describe the positive effects of bubbles, arguing that from the long-term perspective some bubbles leave behind new commercial and consumer infrastructures that are then utilized by new entrepreneurs with innovative business plans, lower cost bases, and better capital structures and lead to future growth. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , without the dot-com bubble Refers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. of the 1990s, we would not be witnessing the success of Google and YouTube today. He describes this phenomenon to a general audience, focusing on the telegraph, the railroads rail·road n. 1. A road composed of parallel steel rails supported by ties and providing a track for locomotive-drawn trains or other wheeled vehicles. 2. , the financial bubble of the 1920s, the Internet, real estate in the early 2000s, and the current emerging alternative energy boom. ([c]20072005 Book News, Inc., Portland, OR) |
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