"Optimism raises equities and rising equities create wealth, thereby induces consumer confidence, so rising confidence increases consumer spending, when increased spending spurs more productions and thereby creates more employments, and vice versa."
Thursday, September 10, 2009
Wednesday, September 9, 2009
14 Bubbles
List of bubbles:
1. Tulip Mania
2. South Sea /Mississippi Company Bubbles
3. Railway Mania
4. Florida Speculative Building Mania
5. Roaring 1920s/1929
6. Poseidon Bubble
7. Gold
8. Japanese Asset Bubble
9. Dot Com/Tech/Telecoms
10. Global Real Estate/Credit Bubble
11. China/Shanghai Index Stock Bubble
12. Commodity Bubble
13. Oil Bubble
14. Leverage/Derivative/Financial Bubble
Tuesday, September 8, 2009
Friday, September 4, 2009
Thursday, September 3, 2009
Wednesday, September 2, 2009
Tuesday, September 1, 2009
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