[nopardons]

The last resort of someone who has been cornered, is to call another person a "drunk". Congrats on proving that you have nothing to add to the thread.

I made no "bizarre claims". I not only quoted Kidleberger, right out of his book, I didn't cherry-pick at all; unlike you, who have already, on this thread, admitted that you twisted his words.

[Pelham]

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!