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Talk:Financial Crisis of 2008 (view source)
Revision as of 17:50, December 2, 2008
, 17:50, December 2, 2008the role of speculators
:Proceed as you see fit. Obviously you are the one who has written the bulk of the article and you should be able to break it up into subsections. [[User:Learn together|Learn together]] 12:31, 2 December 2008 (EST)
:Proceed as you see fit. Obviously you are the one who has written the bulk of the article and you should be able to break it up into subsections. [[User:Learn together|Learn together]] 12:31, 2 December 2008 (EST)
::I've dug a little into previous recessions and "panics". The common theme is greed and speculation. That is, people invest in land or companies, not because they see a potential for steady growth, but simply because they think they'll be able to sell after a short period time to someone else; who in turn has the same greedy idea - like a [[chain letter]]. The balloon is filling with the hot air of speculation; it has no substance; so it always bursts, taking with it all the profits of the last echelon of speculators.
::Am I brilliant and innovative thinker, or have I just rediscovered what economists have known for many decades now? --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 12:50, 2 December 2008 (EST)