[yummyfajitas]

and we've coincidentally had 2 major bubbles since. First the dotcoms...

Dotcom bubble: 1995-2000.

Gramm-Leach-Bliley: Nov 1999.

Further, if you measure the housing bubble in the usual way (movement in the price/rent ratio), the housing bubble also started in 1998.

http://research.stlouisfed.org/fred2/graph/?g=31w

[rskar]

http://en.wikipedia.org/wiki/Timeline_of_the_United_States_h... indicates United States housing bubble was from 2001-2005. However, it also says that in 1998 the nflation-adjusted home price appreciation exceeded 10%/year in most West Coast metropolitan areas.