The South Sea Bubble

The South Sea Bubble

1720 was a year of two bubbles and a plague - The Mississippi Company in France –and the South Sea Bubble in England were the first large scale financial bubbles on record. In September 1720 - when the bubbles burst, England and France were plunged into economic and political crisis's. These were amongst the first examples of financial boom and bust cycles and were the events that gave rise to the use of the term bubble to describe a spectacular market failure. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel: Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social Sources: Money For Nothing by Arthur Levinson: https://amzn.to/3PUbbcV The King, the Crook, and the Gambler by Malcolm Balen: https://amzn.to/3CFq7bM The Life of Isaac Newton by Richard Westfall: https://amzn.to/4hfXbWU Manias Panics & Crashes - Kindelberger: https://amzn.to/40xOrnX Business Inquiries ➡️ sponsors@onfinance.org Patrick Boyle On Finance YouTube Channel: https://www.youtube.com/@PBoyle

Episoder(304)

Is Inflation About to Get Much Worse?

Is Inflation About to Get Much Worse?

U.S. consumer sentiment has fallen to a 74-year low. Brent crude is above $125 a barrel. And several highly credible economists had been warning that inflation was coming back — long before the first ...

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Energy Markets are on the Verge of a Disaster

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The stock market just hit a record high. Meanwhile, captains in the Persian Gulf are turning off their transponders and sneaking through the Strait of Hormuz in the dead of night. Only five ships made...

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Prediction markets like Kalshi and Polymarket have been described as "truth machines" that produce more accurate forecasts than traditional polling. In this video we look at how they actually work, wh...

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How Did the Metaverse Fail So Badly?

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In October 2021, Mark Zuckerberg stood in front of the world and announced that the future of human interaction would be something called the metaverse. He was so confident about this that he renamed ...

12 Apr 30min

Canada is a Warning to the Rest of the World!

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Canada has every advantage a country could ask for — vast natural resources, a stable democracy, world-class universities, and a highly educated population. So why has its GDP per capita fallen from 8...

8 Apr 32min

The Crisis Hidden Inside the Iran War

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Equity markets have spent the past month treating the war in Iran like a minor inconvenience — a 'buy the dip' opportunity rather than a structural crisis. But while stock traders debate whether the P...

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 Is Private Credit a Threat to The Financial System

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21 Mar 25min

SpaceX IPO Scandal

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SpaceX is targeting a $1.75 trillion valuation for what could be the largest IPO in history. In this video, we examine how Elon Musk is folding a money-burning AI startup and a struggling social media...

15 Mar 29min

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