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To: nopardons
Of course you cherry-picked Kindleberger.

I posted his full paragraph to illustrate precisely what you did- you cut off his final sentence, which gave the impression that his definition of a bubble was the opposite of what it is. I figured this comment would suffice to embarrass even you, but then I underestimated your shamelessness or your wine:

"Who are you trying to kid? This is the sentence immediately following the selection you quoted.

"In this book, a bubble is an upward price movement over an extended range that then implodes. An extended negative bubble is a crash."

http://www.freerepublic.com/focus/f-news/1709271/posts?page=191#191

The full paragraph you elided from I posted here:

http://www.freerepublic.com/focus/f-news/1709271/posts?page=130#130

Cheers!

340 posted on 10/30/2006 5:56:00 PM PST by Pelham (A Nation of Guest Workers)
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To: Pelham
Yawn..................still at it?

Why don't you just type the entire book to this thread? :-)

341 posted on 10/30/2006 5:58:00 PM PST by nopardons
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