Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.
The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Scary headlines and scarier statistics tell the story of a financial crisis on a scale not seen in decades—certainly not within the lifetime of most Americans. Moreover, this is a worldwide financial crisis.
Willem Assies, “Land Tenure and Tenure Regimes in Mexico: An Overview,” Journal of Agrarian Change 8.1 (2008): 38; John Mason Hart, Revolutionary Mexico: The Coming and Process of the Mexican Revolution, pp. 106–107.
Exploring the forceful renewal of the boom-and-bust cycle after several decades of economic stability, this book is a research-based review of the factors that caused the 2008 recession.
Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom.
Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth.The volatility that has hit many middle-income countries (MICs) after...
And how can small business owners steer their companies during the business cycle so they too can thrive and survive. This book is designed to give them tools and strategies to do that.
Individuals with juvenile diabetes faced a “ghastly choice between death from diabetes or a few more months of famished life before dying of starvation.”12 It was in this setting that Elizabeth Hughes, ...
Boom and Bust: The Historical Cycles of Matamoros and Brownsville
A sweeping account of civilization's dependence on copper traces the industry's history, culture and economics while exploring such topics as the dangers posed to communities living near mines, its ubiquitous use in electronics and the ...