Greenspan: Hero? Or goat? - Aug. 25, 2005

Greenspan: Hero? Or goat? - Aug. 25, 2005

Take out your tarot deck and look at the Suit of Coins/Disks/Pentacles. Get familiar with your deck and you can make predictions like Chairman Greenspan. The "housing bubble" can not continue ... as if we hadn't guessed.

If you are interested in bubbles & popular behavior, there is no better source than Charles Mackay. The Library of Economics and Liberty has published Mackay's Memoirs of Extraordinary Popular Delusions and the Madness of Crowds online. Be sure to read The Tulipomania, Money Mania.—The Mississippi Scheme, and The South-Sea Bubble. Mackay also devotes part of his memoirs to interesting topics such as alchemy and fortune-telling. Read Mackay & you've been warned.