What are the warning indicators that come before an economic bubble pops? What can we learn from the economics of earlier times?
I can’t say I ever went into studying history with the intent at looking at money. For some reason, I spent a good deal of time thinking that understanding money was not a capacity I had. Things have changed a bit, and strangely it is my addiction to tea that did the trick. Looking at the history of one of the most traded commodities of the 18th century inevitably lead to studying the global economics of the tea trade.
While I have not completely left my study of 18th century tea, I have moved jobs. I now work at a place that is perpetually in the year 1929. Interesting that my study of the South Sea Bubble and the crash of the East India Company would lead me to a place in which studying the Crash of 1929 is a part of the everyday. And of course, that brought me to an idea of comparing what was going on between the two times.
As of right now, of course, everything is in the early stages. But as I dig deeper into this topic of study, I will invite you along for the ride. There are definitely indicators out there that we can find when we look for them.