THE AFTERMATH Once the crash has begun, the stampede in the opposite direction occurs and the mad rush to sell is as fierce as the original eagerness to buy. Most speculative manias end in roughly the same way. It is interesting to note how they...
Pre-Conditions
Cause,Pre-Conditions,Some Reasons for Speculative Manias & Their Aftermaths-Part.2
FORMATION OF A SPECULATIVE CROWD The existence of certain pre-conditions is necessary for a speculative mania to take place but they still do not explain why it should take place in a particular place and time. After all, such conditions do exist in many countries...
Cause,Pre-Conditions,Some Reasons for Speculative Manias & Their Aftermaths-Part.1
A crowd think: in image: and each image itself call: up a fantasy’ of other image: though the} may have very distant relation with the observed fact: . (Le Bon) After going through the history of the six episodes of speculative mania as detailed in...