The Ascent of Money - Blowing bubbles (Episode 3) -Documentary Film

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Blowing Bubbles 
Why do stock markets produce bubbles and busts? In this episode, we go back to the origins of the joint stock company in Amsterdam and Paris. This draws telling parallels between the current stock market crash and the 18th century Mississippi Bubble of Scottish financier John Law and the 2001 Enron bankruptcy. We see why members of this culture have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.

Follow @FreeWilllT

Follow @FreeWilllT

Follow @FreeWilllT