Yes, of course (this was written under heavy jetlag) I meant Dow 600, gold 800, and actually my first inclination was to write 300/400, but it still seems too crazy even for me.
BTW Charles MacKay’s Extraordinary Popular Delusions and the Madness of Crowds is available online for free here: http://www.archive.org/details/extraordinarypop014178mbp His histories of the Mississippi Scheme, South Sea Bubble, and Tulipmania are all very good reads. They tried all the exact same tricks to reinflate the bubbles back then. When they finally burst, the public’s desire for revenge was almost insatiable.
Graphite
March 7th, 2010 at 4:19 pm
Surely you mean Dow 600, gold $800? Personally I like Dow 300, gold $400.
Mike
March 7th, 2010 at 4:27 pm
Yes, of course (this was written under heavy jetlag) I meant Dow 600, gold 800, and actually my first inclination was to write 300/400, but it still seems too crazy even for me.
Graphite
March 7th, 2010 at 5:17 pm
BTW Charles MacKay’s Extraordinary Popular Delusions and the Madness of Crowds is available online for free here: http://www.archive.org/details/extraordinarypop014178mbp His histories of the Mississippi Scheme, South Sea Bubble, and Tulipmania are all very good reads. They tried all the exact same tricks to reinflate the bubbles back then. When they finally burst, the public’s desire for revenge was almost insatiable.