What's Been Happening in the World of Financial Markets Over the Last Two Years?

Tulip mania was a massive speculative bubble that very quickly deflated. And, you know, that's pretty much and what's been happening in financial markets over the last few months. Everything that went up during the last two yearssas been coming down very quickly. It's almost as if this thing had been perfectly deflated without causinga kind of big spill overs to the rest of he economy. So it's actually quite encouraging. i think central bankers, particularly the fed, will be welcoming this. They've been warning for the last three, three, o four months that this is what was going to happen.