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The Bubble Blog

Episodes from the history of financial manias

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China’s Stock-Market Rescue Could Create the Next Great Bubble

Beijing has stopped the rout—for now.

Sell Your Underwear to Buy More Shares

Manias, markets, and the people who start them

The World’s Hottest Stock Market Is Flashing Every Bubble Warning at Once

Every great investment mania begins with a truth.

Before Buffett, There Was Keynes: The OG Value Investor You Don’t Know

Here 's a surprising paradox.

Freedom, Fortune, Failure: The 1896 Bicycle Bubble’s Warning for EV Investors

125 years ago, the bicycle sparked a financial mania. Today, EVs may be following the same doomed road.

The Magnificent Seven vs. History’s Titans: Lessons From a $10 Trillion Mania

"Nvidia hit $4 trillion and the world called it a miracle—until history shrugged and whispered: we've seen bigger.”

Mark Twain, Silver Fever, and America’s First Tech Bubble

Tale of the Comstock Load

Kodak Was Google Before Google — Then It Vanished. Who’s Next?

In the annals of industrial empires, few fell as completely — or as prophetically — as Kodak.

From Gold Rush to AI: California Never Stopped Chasing the Next Boom

"A silver mine in Nevada," wrote Mark Twain in Roughing It, "was a hole in the ground owned by a liar."

500% Gains. 90% Crashes. $10 Trillion Lost: Inside Japan’s Bubble to Oblivion

Back in the ‘80s, Tokyo got so rich you could sell a teacup of dirt for the price of a Texas ranch — and some fool would thank you for the bargain.