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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (261061)4/9/2008 1:10:12 AM
From: c.hinton  Read Replies (1) | Respond to of 281500
 
en.wikipedia.org

en.wikipedia.org



To: c.hinton who wrote (261061)4/9/2008 8:21:08 PM
From: Sun Tzu  Read Replies (1) | Respond to of 281500
 
>> Both south sea and Mississippi bubbles were based on fraud not new tech.

I don't believe that fraud, however successful, qualifies as "bubble".

What makes a bubble so is the desire of the public to buy more simply because the price of the item has gone up; in other words a perversion of basic economics.

ST



To: c.hinton who wrote (261061)4/9/2008 8:29:58 PM
From: Sun Tzu  Read Replies (1) | Respond to of 281500
 
Incidentally, there was another "bubble" based on fraud a few years ago. A (Canadian?) company had boasted a great gold discovery somewhere in the Pacifics. The local royalty and upper classes were amongst the "investors". It turned out that the whole thing was a case spraying silver and gold nitrites on cheap rocks. The peak of the bubble somewhat coincided with the chief geologist happening to fall off the helicopter at high altitudes.


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