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Interest Rate Elephant!
March 14, 2023 Interest rates like many other things have been rarely understood. Not because they ride on a black swan but because humans are economic beings that are steeped in short-sighted gains driven by instant gratification. This is why the cycles of history keep rhyming because the new generation does not learn from the…
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Tulips, Manias And Informational Realms
Tulip Mania The 17th century was the period during the Dutch Golden Age, when the Dutch become an economic and military power. The Dutch controlled the seas and had a monopoly on spice trade. The speculative bubble in the prices of a Tulip bulb, a desired commodity, caused a mania, which has represented everything speculative,…