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Panics

The Myth of the Plunge Protection Team

COMMENT: It looks like the Plunge Protection Team had a field day with the 1,000 rally in the Dow. Back in the 70s I read a small article near the back page of...

The Bubble of 1825 was Also a Contagion

The Most Profitable Canal of the 19th Century Today is a Tourist Cruise Besides the speculative bubble that resulted in the Panic of 1825 involving the imaginary...

Some Bubbles are Just Outright Frauds

QUESTION: BitCoin has crashed and it looks like it will never be what people dreamed as some replacement for the dollar. Are bubbles always involving some failed...