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From Dutch Tulips to Internet Stocks, How to Spot a Financial Bubble


From Dutch Tulips to Internet Stocks, How to Spot a Financial Bubble
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From Dutch Tulips to Internet Stocks, How to Spot a Financial Bubble
Long before SPACs and NFTs, investors clamored for everything from exotic bulbs to Pets.com. What history shows is that an inventive corner of the financial world can turn into a mania that attracts swindlers and wipes out investors
published :
10 May 2021 at 10:11
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About 300 years ago, financiers in Europe found themselves agog about the financial prospects of novel trading companies granted special rights in international commerce by the governments of France and England.
The shares of those trading vehicles England s South Sea Company and France s Mississippi Company soared and then collapsed in 1720, wiping out hordes of angry investors. ....

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Carlisle's Christian Aid group preparing for fundraising drive


It s taking part in Christian Aid Week, which runs from May 10 to 16
Normally this would house to house collections, coffee mornings, and a city centre event.
But, because of Covid, these events have been postponed or cancelled.
So this year, the group has asked people to donate online and has set up its own fundraising page
It has also recorded a special service involving Christian Aid international director Robin Greenwood.
Robin heads up Christian Aid’s team covering a wide range of humanitarian work around the world.
During the service, Robin spoke about how the charity is helping communities tackle the problems of poverty. ....

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Swaps, options and other derivatives aren't just for the financial elite


Swaps, options and other derivatives aren t just for the financial elite
Wall Street Sign. Credit: Ramy Majouji
Sunday, April 4, 2021 9:36 AM UTC
One of the biggest trends in economics over the past 40 years has been so-called “financialisation” – whereby an increasing proportion of GDP in advanced economies comes from the financial sector.
This has involved the development of ever more sophisticated “financial instruments” such as swaps, options and other derivative securities.
The global mobility of financial capital has also given banks and hedge funds massive piles of money with which to make leveraged bets on everything from stock prices to the fourth derivative of the volatility of South American currencies which is (I kid you not) a contract on the rate of change on the rate of change on the rate of change in currency value. ....

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