Feb 21, 2020
Welcome to Finance and Fury, The Furious Friday Edition
This week – see what lessons can be learned from - Last week - Story of Financial alchemy in its early days with the SSC bubble
– wasn’t just an individual (John Blunt) but also a group of individuals who saw a way to make themselves filthy rich – and the general public who didn’t want to miss out
– Facilitators – Normally a bigger entity – like a Government through legislation or a Central bank through leverage/money-printing/monetary policy – essentially – the creators of a scheme
- Those driving the bubbles – By again, providing confidence and price gains for the public’s perception
– The general public - Those who mostly get caught out – but also are pushing the prices higher
- The bubble busting – Too good to be true turns out to be true – fear and panic spreading
Over time – I will do a deeper dive into each of these bubble events – but for today – that’s all – thanks for listening
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