The Next Bubble: Priming the markets for tomorrow's big crash. A layman's primer on the genesis and future of today's economic troubles, at Harper's Magazine.
posted on Mar 13, 2008 - View this thread

While the US equities markets were closed on Monday for Martin Luther King Day, stock markets around the world took a nosedive, losing billions in equity; the markets in Australia, South Korea, Japan, China, Indonesia, Hong Kong, Germany, France, the UK, and more countries have dropped at least 5% each (Canada only fell 4.75%), even though most of those markets had already been seriously down for several days prior. India has been hit particularly hard, at one point down a whopping 11%, tripping their markets' automatic "circuit breakers" for a mandatory time-out period, before scraping back up to close at 8% down. US futures markets are currently predicting a 650+ point drop just at the open Tuesday morning, before even a single trade goes through.
posted on Jan 22, 2008 - View this thread

It was twenty years ago today...
posted on Oct 19, 2007 - View this thread

A speculative bubble is created when objectivity, reasoning, and valuation give way to greed and an insatiable desire for profits. On this date in history... October 29, 1929: The date of the stock market crash that marked the start of the Great Depression in the United States. Could it have been averted by the reading of Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay?
posted on Oct 29, 2002 - View this thread