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bubble economics



I could not resist stealing this from Doug's LBO list.

If you bought $1000 worth of Nortel stock one year ago, it would now be
worth $72.

If you bought $1000 worth of Budweiser (the beer, not the stock) one year
ago, drank all the beer, and traded in the cans for the nickel deposit,
you would have $79.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx




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