Tuesday 30 July 2013

Concerns can still bubble up at times - The National

Concerns can still bubble up at times - The National:

"Once thought of as consigned to history, over the past decade the financial bubble has popped up again to dominate modern economics.

The term, which describes a period when asset prices spiral out of correlation with their intrinsic value, was originally coined during the famous "South Sea bubble" crisis of 1720.

This centred around the British joint stock firm the South Sea Company, which was founded in 1711 to trade with South America and to consolidate and reduce the cost of national debt."

'via Blog this'

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