鲁-Robert Shiller-金融市场-Lect23-股票市场Stock Market Booms and Crashes.pptVIP

Lecture 23: Stock Market Booms and Crashes Brief History of Booms and Crashes For hundreds of years, speculative markets have undergone dramatic ups and downs, that appear irrational to many observers Tulipmania, 1630s, Holland Mississippi Scheme, 1720, France, John Law’s Mississippi Company had monopoly of trading for province of Louisiana. South Sea Bubble 1720, England, South Sea Company had British monopoly on trade in South Seas Up-Crashes Popular view that markets rise slowly and crash suddenly is overblown January 3, 2001, Nasdaq went up 14% in one day, following rate cut October 6,