The cycle of over-the-top hype, vicious competition, bankruptcies and consolidation that characterized the late-90s dot-com boom and this decade's real estate market could be the key to America's economic success.
Daniel Gross is the author of "Pop! Why bubbles are great for the economy" (Harper Collins).
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Bubble, bubble, toil and trouble
| Fortune's Adam Lashinsky explores why Silicon Valley's premier VCs have that old-time eco-religion. (more) Robert Shiller called the tech-stock crash just as the Nasdaq peaked. But he is also the expert on the real estate market. And where does he think it's headed now? Uh-oh. (more) |
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