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What happened in the Netherlands in 1637 is a blueprint for the speculative frenzies of modern times. In an attack of collective madness and boundless greed, the country’s citizens put their money into market speculation – involving derivatives, futures, options and investment certificates – all for tulip bulbs. Fake profits led to a full-blown crash. How did such an enormous bubble arise?
Once something you’d find in soapy water, bubble was adapted in the 18th century to represent an oversold...
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