Breakingviews

Mini-me tech bubble is mere shadow of 2000 excess

May 5, 2014

The run-up may have paused, but dozens of companies are in line to float, hubris is rampant, oddball metrics abound, and revenue-free startups are still worth fortunes. Even nerd culture has become hip. The latest internet boom is as absurd as the last, but it’s far smaller.

Slower Chinese GDP growth adds to financial risk

October 18, 2011

China’s annual GDP growth of 9.1 percent in the third quarter is still the envy of the developed world.

Rumors of credit bubble only partially exaggerated

May 28, 2013

Some risky forms of debt have made a dramatic comeback, but few investors seem panicked that another credit crisis is about to erupt. Breakingviews offers its own bubble-meter for the credit market. The reading: frothy, but not yet in the danger zone.

Bubble in bubbles has further to inflate

May 31, 2013

Are central banks inflating another financial bubble? Investors and pundits are obsessed with the question. But while it feels like there’s a bubble in bubble talk, usage of the word is below its last peak. Like the real thing, a bubble bubble is hard to spot before it bursts.

Seeing bubbles as nothing but trouble

November 10, 2009

With friends like Frederic Mishkin, the Federal Reserve doesn't need enemies. The former Fed governor who co-wrote a book with Ben Bernanke on inflation-targeting has argued in the Financial Times that some financial bubbles aren't so bad.

HK property fever underlines a structural weakness

October 23, 2009

The biggest question facing policymakers is how to prevent future bubbles. Hong Kong may have to face that challenge sooner rather than later. The combination of ultra-low U.S. interest rates and liquidity flooding in from China is driving up property prices.

Washington needs to quit housing business

September 25, 2009

There are, to be sure, lots of villains to blame for America's financial crisis: regulators, Wall Street executives, credit ratings agencies, Alan Greenspan. But the one baddie Washington doesn't want to touch is, well, Washington. Its crime: pushing federal policies that favored ever-increasing home ownership, thus helping spawn the housing bubble at the center of the devastating meltdown.