Wednesday, December 3, 2008

Is it all just Tulip Mania?

Okay -- so gas is down to about $1.50 a gallon and the DOW is still fluttering along? Ever hear of Tulipmania? Yeah, well it's the phenomenon that rocked Holland in 1637. People went nutso for tulips as they were the new, cool flower that had never been experienced in that part of the world.

Then they suddenly realized that they were all over priced, stopped buying them -- and the bottom fell out. No more crazy prices... and lots of people burned by the "bubble" that was created. Hmmm. Sounds like the housing market.

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