A speculation blister marks a over-bought market in the stock exchange, raw material or within the real estate range of the material economic development completely uncouples itself usually has.

Floated of reports over rapid and easy wealth ever more (also inexperienced) investors jump up on the course of the speculation. The prices seem to rise for an unlimited period further, until itself then sometime the realization of the material value of the respective object of speculation interspersed and buyers are suddenly missing at higher prices. The values come purged and the numerous speculators see to the ruin into the eye to the noise.

Examples

Such in the structure always resemble expirations it in history repeated gave:

• 1637: On 7 February the tulip bulb speculation in Holland, persisting since approx. 1634, bursts
• 1700: The society cannot redeem their portions any longer after failure of the project.
• 1720: The speculation with the portion lights of the Mississippi company in France
• 1720: The speculation with the portion lights of the South Sea company in England (South Seas swindle, South Sea Bubble)
• 1873: The railway speculation in North America
• 1873: To 9. May (black Friday) bursts the blister of the German period of promoterism: Founder crisis.
• 1929: Beginning of the world economic crisis with the Crash at the New Yorker stock exchange on 24 October ("Black Thursday"). In Germany one day delay as black Friday perception and names.
• 1980: Silver speculation of the texanischen brothers Hunt
• 1990: The share and real estate blister in Japan burst.
• 2000: In the middle of March kulminiert the speculation with shares of the Internet and telecommunications industry (Dotcom blister, NEMAX). The collapse of the courses over often over 90 per cent takes place in the course of three years until March 2003.

Literature

• Robert J. Schiller; More irrationally, 2000 overshot

Related links

• A high on the speculation blisters

Articles in category "Speculation blister"

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