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11 March 2010

EUROZONE: Spotting Economic Bubbles; the Greek Ponzi Scheme.

BASELINE SCENARIO/ Economist Simon Johnson/    "Bubbles are back as a topic of serious discussion, as they were before the financial crisis. The questions are: (1) can you spot bubbles, (2) can policymakers do anything to deflate them gently, and (3) can anyone make money when bubbles get out of control?"