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The Costs of the Stock Market Bubble
Publication Date: November 2000
Publisher(s): Center for Economic and Policy Research
Author(s): Dean Baker
Topic: Banking and finance (Stock exchanges)
Keywords: Savings rate; Consumption; Federal deficit
Type: Report
Coverage: United States
Abstract:
This report examines the costs associated with the stock market bubble. It places the size of the market's over-valuation at between $8-13 trillion, depending on assumptions about future profit growth and long-term equity premiums.