Saturday, February 21, 2009

Speculation

People have always speculated in commodities, most recently, in China, on tea leaves. For us Westerners, it seems odd, but we have people gambling on gasoline, iron ore, food items and precious metals.

While tea isn't on our radar, neither are flower bulbs, yet in 1637, the Dutch Tulip bulb market crashed and speculators lost fortunes. The dotcom crash and current economic issues are merely following history.

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