Monday, March 12, 2007

Does this sound familiar?

Bubbles in Speculative Markets

At the peak of a bubble, misleading financial statements and sometimes even fraud abound. The South Sea bubble in the 1720s is the prime example, as most public companies at that time were started in order to defraud the public. The fraudsters are usually exposed only after the bubble has started to collapse, as they find it impossible to continue to fund their enterprises. This is also where the public start to find out that they have been tricked and start crying for blood.

Posted by lvmreader @ 09:45 PM (512 views)
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3 thoughts on “Does this sound familiar?

  • Following the South Sea Bubble crash, several generations were rendered financially destitute.

    Will it happen again?

    Most people who “bought” in 2000 onwards are doomed.

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  • dohousescrashinthewoods says:

    Is it:

    a) A lifetime of peonage.
    b) fundamentally increased value.
    c) Revealing the extent to which the inflation figures have been fiddled

    Text HPC, followed by a, b or c to 8239…
    If you don’t understand the words, maybe you shouldn’t sign up until you have entered our FREE dictionary competition.

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  • This Govt now faces the choice between a HPC or a Currency Collapse.

    If it doesn’t raise rates to at least 8%, Sterling will collapse against other currencies, making all our imports more expensive and pushing inflation above 25%.

    if it does, many idiots will lose their homes.

    The simple reality is this. It is a choice between a large national monument being blown (House Price Crash) up or 300 Fifty Megaton hydrogen bombs going off simultaneously across the country (Currency Collpase).

    Which would you pick?

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