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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (36083)	11/13/1998 8:24:00 AM
From: Tommaso	Respond to of 132070

Very patient, thorough, and enlightening responses on tulipmania. The closest thing in my lifetime (aside from the silver bubble) was the brief period of Cabbage Patch Doll shortages, but that got over quickly because you can manufacture more dolls rapidly whereas there is no way in the world to increase the number of tulip bulbs in less than two or three years. Also, just a personal computers were catching on, several people were injured in a crush at a K-Mart, trying to buy some kind of primtive Texas Instrument thing that went on sale for $50. TI-50, I think it was. I never answered your question about the Rex Parade. I commanded the color guard that was ahead of the Rex band for that year, so we were the first thing in the entire parade. I had a ticket to the Rex Ball but was too exhausted with earlier partying and marching to go.

To: Ilaine who wrote (36083)	11/13/1998 9:29:00 AM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

<< that in a true bubble the price paid bears no resemblence to that which which would be paid by an expert in the field.>> After you tell us what you mean by "is", and in a spare yet enlightened moment, you might want to state (emphatically): (i) is there any particular reason why you think professional tulip growers and traders were not "experts" in tulips, while every sucker who trades Dell stock is an "expert"; and (ii) should (i) happen not to mean what you have meant to mean, then in that case who appoints the experts who decide what are the proper prices? Do experts get stamped on the forehead so that they can be recognized and properly obeyed? You, BTW, appear to be ignorant of the fact that these days too many unique, just developed varieties of plants are often sold for millions of US$ a piece - the explanation is that they can be propagated into millions and billions of plants of the same qualities.