Bubble Mania. The tale of the Dutch tulip craze is a cautionary one – the first example of an economic bubble As a new exhibition of flower paintings opens in.
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The term “bubble” in reference to financial crisis originated in the 1711–1720 British South Sea Bubble and originally referred to the companies themselves and their inflated stock rather than to the crisis itselfThis was one of the earliest modern financial crises other episodes were referred to as “manias” as in the Dutch tulip mania.
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“A loss of 45% is experienced in the 12 months after the peak of a typical financial mania” he said If the digital asset follows that pattern its price will fall to between $34000 and $37000 by October Jackson said noting that a steeper drop is possible to below $30000.
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Tulip mania: The flowers that cost more than houses BBC
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