
China’s Stock-Market Rescue Could Create the Next Great Bubble
Beijing has stopped the rout—for now.
Episodes from the history of financial manias
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Beijing has stopped the rout—for now.

Manias, markets, and the people who start them

Every great investment mania begins with a truth.

Here 's a surprising paradox.

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

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

Tale of the Comstock Load

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

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

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.