Bubbles, Crashes and Financial Disasters

At regular intervals since the early modern age, the get rich quick syndrome has swept millions of credulous souls to the very extremes of ambition and greed in their desire to amass wealth. The symptoms of such behaviour have often appeared during the build-up to a market crash, when months or even years of gains have been wiped out in hours. This is referred to as the 'boom and bust scenario' in which there is an economic bubble, followed by a crash. In this book we examine several of the...