From time to time the calls on the radio turn to questions about the possibilities of market corrections and the likelihood of recession, panic, depression and so on. For the most part these calls died down since 2014 or so, which may just mean they are getting ready to start up again. The number of pages devoted to the examination of economic crises, financial market and otherwise, is long and there are some good and many bad and I try to steer callers to the better ones as much as I can. To that end, Brian Dowd at FocusEconomics wrote up a really nice history of the Tulip Crisis, one of the first financial panic/crisis events we really understand as a bubble. You can find his full post here.

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