Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why Bubbles happen, and why some Bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.
Illustrations: Worked examples or Exercises; 13 Tables, black and white; 27 Line drawings, black and white.
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why Bubbles happen, and why some Bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society