About 300 years ago, financiers in Europe found themselves agog about the financial prospects of novel trading companies granted special rights in international commerce by the governments of France and England. The shares of these trading vehicles—England’s South Sea Company and France’s Mississippi Company—soared and then collapsed in 1720, wiping out hordes of angry investors.
Episodes like that have some economic historians wrinkling their brows about what is happening in financial markets today, with Wall Street once again in the embrace of perplexing crazes for new investment vehicles. The price of bitcoin, the cryptocurrency, has risen more than sixfold in the past year. Meantime, shell companies called special-purpose acquisition companies—also known as SPACs, which list on a stock exchange and then buy target companies—have raised more than $100 billion this year, according to Dealogic. Investors are also clamoring for nonfungible tokens, digital certificates to online collector’s items, like art or autographs.
Financial bubbles often begin with innovation Interested in universal cycles? My paper 'The present crisis, a pattern' Hypothesis that coming crisis can be explained by transition theory
Well cash less? Illiquid is the crash of a company, always like this? If you have cash, you are alive, no matter how bad the idea was, your behaviour still is and where the money is coming from. Revenue, Mom the FED .. 😅🤣😅
Remember the Dutch East India Company at the time had a market cap of 7.9 trillion dollars adjusted for inflation. That's a lot of money for a country of that size and population.
95% only bad news(
Bubbles are part of the free market economy. They cannot be avoided.
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From Tulios and the begging of Trading to crypto and robinhood the collapse of trading . The biggest gambling casino online “ the stock k exchange “with no limits .
Always. They always burst.
Woof 🐶
Charles Mackay would have a field day.
It depend.
Things like Bytecoin and doggycoin will recreate the 1929 crash. IMO
Something else !!! a 'internet' game and like all games .. some are won and others lose !!! Money is important nowadays or ... love for God !!! When you have God ... you have everything !
Thank you so much MONERO_BONUS Just received 40.8 Monero coins in my MyMonero wallet 😇🙏
NET on BTC $STX
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