tag:blogger.com,1999:blog-6399730406480392183.post5303631258567922640..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Facebook Mania - Twenty-First Century Tulipomania?A Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-6399730406480392183.post-51440090024340858382012-06-09T00:51:21.286-03:002012-06-09T00:51:21.286-03:00Very very interesting and nice story .But i would ...Very very interesting and nice story .But i would like to say that what is Facebook ??one or two things has happened ..what is this ??<br /><a href="http://ajmanproperties.ae/sale/warehouse-for-coldstorage-in-ajman-57.html/" rel="nofollow">warehouse for coldstorage in ajman</a>Michalhttps://www.blogger.com/profile/00357608996333446775noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-2661042070476019742012-05-20T21:51:16.185-03:002012-05-20T21:51:16.185-03:00How inane can readers be?
This is a BLOG posting,w...How inane can readers be?<br />This is a BLOG posting,which is perfectly understandable, but some "Pomposity Practitioners" seem to feel the .net blog responders must qualify with a minimum of a Masters Degree or PhD in English, as a pre-requisite for anyone reading, or, Heaven Forbid, posting a reply.<br /><br />Too over the top! Cheers!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-7857461510978979272012-05-20T13:33:02.082-03:002012-05-20T13:33:02.082-03:00I learned that story watching Wall Street (the 198...I learned that story watching Wall Street (the 1987 one not the dog one from 2 years ago.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-87576776212132221772012-05-19T22:58:39.075-03:002012-05-19T22:58:39.075-03:00Here's another interesting quote, this probabl...Here's another interesting quote, this probably happened because of China's trade surplus. Holland also had a kind of trade surplus at the time because they had pushed Spain out, this left them with a lot more money saved from paying tribute. Also a lot of people made money financing speculative trade voyages, the ships either didn't make it or came back with a fortune. So there was an upsurge of money suddenly available that people could invest. <br /><br />You would enjoy reading the book. Here's another excerpt that would make an interesting analysis by someone:<br /><br />"The most recent manifestation of the old virus occurred as recently as 1985, when a mania broke out in China that followed the template of the tulip craze almost exactly. In this case speculation centered on yet another bulbous flower, the jun zi lan plant, or Lycoris radiata—the red spider lily. This lily grows small, funnel-shaped flowers that coil together like a tangled skein of wool. Tremendously long, curved stamens project far beyond the leaves to give the plant a delicious air of delicacy. The spider lily originated in Africa but came to China in the 1930s and was cultivated extensively in the Manchurian city of Ch’ang-ch’un. It was at first a favorite of the old ruling classes of the city, and for a while it was a mark of distinction for a patrician family to grow several different varieties of jun zi lan. The Communist takeover put a stop to the small market for bulbs that had evolved by the end of the 1940s, but the spider lily remained very popular and was eventually designated the official flower of Ch’ang-ch’un. By 1980 it was estimated that half of all the families in the city grew it.<br />A jun zi lan mania broke out in earnest only a few years later, when the Chinese government allowed a few modest economic reforms. The situation in Ch’ang-ch’un was then quite similar to that in Holland during the 1630s. Entrepreneurial activity was encouraged, but while there was plenty of desire to make money and an abundance of energy to tap, there were very few opportunities to invest any surplus cash. In these circumstances, the spider lily growers of the city took advantage of the growing demand for their flowers from neighboring regions, and as prices began their inevitable rise, * speculation in jun zi lan bulbs followed right behind.<br />In 1981 or 1982, spider lily bulbs were selling for 100 yuan, about $20. This was already a substantial sum, given the low annual salaries prevalent in China. But by 1985 bulbs of the most coveted varieties are reported to have changed hands for the astronomical amount of 200,000 yuan, or about $50,000, an amount that puts even the sums paid at the height of the Dutch tulip craze to shame. Thus, while Semper Augustus at its peak might have commanded between five and ten thousand guilders a bulb, which was four to eight times the income of a well-off merchant, the highest prices quoted during the jun zi lan mania were equivalent to no less than three hundred times the annual earnings of the typical Chinese university graduate—quite a staggering sum.<br />In such circumstances it is unsurprising that the spider lily craze was short-lived even by the standards of flower manias. It collapsed in the summer of 1985, apparently because confidence in the fledgling trade had been undermined by a series of critical newspaper articles that described the speculation in bulbs as madness. The whole lily bulb market was quickly flooded with panicked dealers desperate to sell, and bulb prices fell sharply. Just as the Chinese boom had exceeded even the heights attained during the tulip years, so the crash, when it came, was still more severe. By the time the market for spider lilies stabilized at last, prices had plunged by anything up to 99 percent."Greg Onoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-59831775758188855762012-05-19T18:42:50.590-03:002012-05-19T18:42:50.590-03:00Thanks for the quote. One of the two sources that...Thanks for the quote. One of the two sources that I found states that bulbs were traded on the stock market. Interesting divergence of opinion among historians.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-82956576757307305682012-05-19T10:42:50.683-03:002012-05-19T10:42:50.683-03:00From the book Tulipmania:
"Hundreds of trade...From the book Tulipmania:<br /><br />"Hundreds of traders were licensed to deal on the stock exchange—there were perhaps four hundred official beurs brokers in the 1630s, and they were joined on the trading floor by up to eight hundred unlicensed freelance dealers who specialized in trading small packages of shares at low prices. In one description of the exchange, the contemporary writer Joseph de la Vega observed one such freelance dealer, who “chews his nails, pulls his fingers, closes his eyes, takes four paces, and four times talks to himself, raises his hand to his cheek as if he has a tooth-ache, and all this accompanied by a mysterious coughing.” Vega does not mention what his small-time broker was hoping to buy or sell for his handful of guilders, but he had a considerable choice: By 1636 at least 360 different commodities were traded on the Amsterdam exchange. Tulips, however, were not among them.<br />This fact may come as a surprise to those who assume that a financial calamity with the reputation that the tulip mania enjoys must necessarily have been serious and widespread and have had a significant impact on the stock market, on trade, and on the Dutch economy in general. Nothing could be further from the truth. The speculation in tulip bulbs always existed at the margins of Dutch economic life. It was conducted by amateurs, not professional traders, and was never subject either to the customs (however peculiar) or to the regulation of the stock exchange. The mania took, in fact, the form of a rough but intended parody of the trade in commodities and shares that flourished on the beurs. It was the province not of financiers experienced in the ways of business, but of country people and poor city dwellers who had, when they started dealing in bulbs, almost certainly never owned a single share in their whole lives.<br />The fact that the tulips were not dealt on the stock exchange does not mean the flower business was not regulated. In fact, it soon evolved into a complicated, even ritualized affair in which buyer and seller dealt according to fixed rules and were united by mutual obligations, agreed to in front of witnesses, and noted in writing. Like the brokers who once congregated on the New Bridge, the tulip traders needed somewhere to transact their business. Like the brokers, some of them used the house of God upon occasion; when the mania took place, the local church was a general meeting place pressed into use by everyone from local merchants to courting couples. Most, however, found it far more comfortable to buy and sell their bulbs in a convenient tavern. The tulip trader’s stock exchange was his local pub."Greg Onoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-480525176434589562012-05-19T08:34:06.750-03:002012-05-19T08:34:06.750-03:00Anonymous, I would suggest a remedial course in En...Anonymous, I would suggest a remedial course in English Grammar before dismissing the work of another on the basis of a non-existent error. The subject is singular, not plural.howardbordenhttps://www.blogger.com/profile/00125993302800851019noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-65303021282569124252012-05-19T04:32:08.949-03:002012-05-19T04:32:08.949-03:00I don't think tulips were traded on the stock ...I don't think tulips were traded on the stock exchange. The tulip trade was not strictly legal as the government had already said that contracts in tulips could not be enforced.Greg Onoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-39141581720591957002012-05-19T00:44:57.179-03:002012-05-19T00:44:57.179-03:00Facebook IPO (FB NASDAQ) Launch Date Live Video he...Facebook IPO (FB NASDAQ) Launch Date Live Video here<br /><br /><a href="http://tiny.cc/Facebook-IPO-Live" rel="nofollow">http://tiny.cc/Facebook-IPO-Live</a>Maky Dolhttps://www.blogger.com/profile/17458542641385663392noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-83566558493495370982012-05-18T23:07:44.083-03:002012-05-18T23:07:44.083-03:00What is facebook?What is facebook?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-15746488079931125802012-05-18T22:52:57.183-03:002012-05-18T22:52:57.183-03:00Right and we believe ya...or should I say we belie...Right and we believe ya...or should I say we believes ya :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-72938158624041583922012-05-18T22:03:18.900-03:002012-05-18T22:03:18.900-03:00You're welcome.
-Conan the Grammarian : )You're welcome. <br />-Conan the Grammarian : )Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-68427279785514900742012-05-18T20:40:02.313-03:002012-05-18T20:40:02.313-03:00Fixed. My bad.Fixed. My bad.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-71346744119439876422012-05-18T20:20:02.122-03:002012-05-18T20:20:02.122-03:00No way to get some traction to the action on a lon...No way to get some traction to the action on a lonely blog posting .... post was intentional to raise the flames :P<br /><br />-Anonymous (AnonyMOUSE) @ 7:41 ;)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-41087029930818455342012-05-18T20:11:10.032-03:002012-05-18T20:11:10.032-03:00...get in on a “good thing” before it is too lated......get in on a “good thing” before it is too lated...<br /><br />Another typo. I agree, get it checked first - will have more validity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-28618514874832685592012-05-18T20:07:27.130-03:002012-05-18T20:07:27.130-03:00Thanks Anonymous 7:57.Thanks Anonymous 7:57.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-64607686199040201502012-05-18T20:06:49.599-03:002012-05-18T20:06:49.599-03:00ONE of two things HAS happened. IdiotONE of two things HAS happened. IdiotAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-7993207857483259442012-05-18T19:57:36.239-03:002012-05-18T19:57:36.239-03:00"Has" is correct. The subject of the se..."Has" is correct. The subject of the sentence is "one" and "of two things" is a relative clause.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-65972288284665258712012-05-18T19:41:51.712-03:002012-05-18T19:41:51.712-03:00... "Facebook Event of the Century" has ...... "Facebook Event of the Century" has me thinking that one of two things has happened...<br /><br />Two things HAVE happened. HAVE not HAS. Please proof read and check grammar ; your opening paragraph killed the value (let alone perception of intellect) in your overall message.Anonymousnoreply@blogger.com