- Impact
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An excellent article on Booms and Busts from 1897.
http://optionarmageddon.ml-implode.com/2009/03/11/panics-and-booms-1897/
It describes the current situation and financial crisis pretty well and also shows how the way to get out of the crisis is not what they are currently doing.
Its also interesting how we have learnt nothing of markets, booms, busts and panics in over 100 years and we are still making the same mistakes over and over again.
Perhaps "This time its different", but then again perhaps not.
http://optionarmageddon.ml-implode.com/2009/03/11/panics-and-booms-1897/
It describes the current situation and financial crisis pretty well and also shows how the way to get out of the crisis is not what they are currently doing.
Its also interesting how we have learnt nothing of markets, booms, busts and panics in over 100 years and we are still making the same mistakes over and over again.
Perhaps "This time its different", but then again perhaps not.
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