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Right, I meant "explains" in the sense that it proves (to some degree) that there is some kind bubble existing.

Might it be better phrased as M3 signifies that there is asset bubble, despite denials issued on the basis of M2?

by Metatone (metatone [a|t] gmail (dot) com) on Sun Oct 7th, 2007 at 05:02:06 PM EST
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