The Dutch Tulip Bubble that occurred during the 1600s was one of the largest market bubbles and crashes in history. It was fuelled by excessive speculation, driving the price of tulips to more than 10x the annual average salary at its peak. The eventual crash undermined social cohesion and trust; although, the recession that followedContinue reading “Tulip Mania”
Author Archives: Jamie Dean
China’s housing market
Homeownership in China is far higher than that of most western countries, with a staggering 90% of households owning one or more homes. By comparison, homeownership rates stand at around 60% across the Western world; in the US, the rate of homeownership fell to the lowest point since 1967, at only 63% in 2017. ThisContinue reading “China’s housing market”
Luxury goods: A poor investment
Rare, extravagant goods from certain luxury brands have long been the envy of the masses; this encompasses limited edition items, such as the stainless-steel, precious metal Rolex Submariner, the Hermes Birkin bag and the Lamborghini Sesto Elemento. Yet, the process to obtain these goods is long, arduous and very expensive. With this said, most justifyContinue reading “Luxury goods: A poor investment”
The Economic legacy of Major’s government
John Major became Prime Minister in late 1990, following Thatcher’s resignation. He took over the premiership at a time when the Conservatives were deeply unpopular, with polling showing Labour’s Neil Kinnock with a 23% lead over the Tories. This was down to a combination of factors; the economy was in recession from the early 1990s,Continue reading “The Economic legacy of Major’s government”
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