‘Tis the season for peace, joy, and coloring!
Get ready to spread the holiday cheer with Peace. Joy. Color.! From decorative trees to festive ornaments, inside you’ll find 20 tear-out notecards to color in and send, share, or dec
Markets are, Harding argues, human constructs. As such, they are prey to every human foible. His comprehensive chronicle of speculative mania and panics was meant to hammer home the point.
includes well-known bubbles, such as the tulip mania that gripped 17th century Holland, and the boom in US subprime lending which resulted in the 2008 financial crisis. Along
the way, it ventures from the wilds of Qajar Persia to the
bazaars of Constantinople, and highlights little-known bubbles such as the Japanese rabbit mania of 1873, during which fluffy bunnies imported from Europe could fetch up to ¥600, at a time when the average monthly salary was about ¥0.6. (Apparently those with yellow ears were particularly highly prized.)
The same thing happened with diving patents in the 17th century (which were supposedly going to be used to salvage sunken Spanish gold in the Caribbean); Brazilian rubber in the 18th
century; and Spanish merino sheep, mulberry trees and British railway securities in the 19th century. And so on and so on: history stuck on repeat.