Boom and Bust

After introducing a (very concise) framework to describe the economic bubbles of the last 300 years, including marketability, money/credit, and speculation (like the fire triangle of Oxygen, Fuel, and Heat), the book profiles a number of historical bubbles. In conclusion, bubbles are difficult to spot if just looking through the lenses of finance and economics. Our current globalized economic system is a “tinderbox” and governments and the media are not particularly trustworthy on putting the brakes on bubbles. It is down to the individual to examine each opportunity “like a fire inspector” in order not to get burned.