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Bubbles on the South Sea

By Michael Rafferty


Stock markets in Australia and around the world are in record territory. Major city real estate prices are bouncing around their historic highs, and even commodity prices have soared in the last few years. Does the story of the South Sea Bubble help us to work out whether this is all a speculative bubble that’s about to burst, asks Michael Rafferty

Topics: Ocean
Publisher: Australian Review of Public Affairs
Year: 2006
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