The Florida Real Estate Craze

It is our belief that in order to truly understand how our current economic situation has evolved and to decipher what to expect in the coming years, we should look first to history. What has transpired in similar circumstances in the past? What events triggered a crisis or lead to a market collapse? How did […]

Market Crashes: The South Sea Bubble

It’s said that those who ignore history are doomed to repeat it. I believe that examining historical market bubbles and crashes can provide valuable insight into our current economic condition. It is frequently implied, or even outright stated, by today’s powers that be that “this time is different”. Well, I beg to differ. This time […]

The Mississippi Bubble and the French Bailout

Why look at an event from 1720? The answer is simple. History provides perspective and lessons to be learned – lessons that, if ignored, may lead us to repeat the follies of the past. There are significant parallels between the economic bubble of the late 1720′s and today. The French government (like our own today) […]

A Tulip Is Just A Tulip, Isn’t It?

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds People think currency, such as the U.S. Dollar, is money. It is not. Historically […]