Remembering Bubbles…Got Beanie Babies?
By Kristina Zurla Landgraf • Aug 27th, 2009 • Category: The Lighter SideA recent article in the Wall Street Journal ponders bubbles throughout history.
How I Got Burned by Beanie Babies
By KAREN BLUMENTHAL
In this decade, we have had more than our share of big-time booms and busts: the tech bubble, the housing bubble and, this year, what Warren Buffett has called the Treasury bubble.
For some years now, I have been a student of these extreme financial cycles. In the 1980s, I witnessed firsthand the Texas real-estate bubble and covered companies crushed in the junk-bond bubble. I wrote a book about the crash of 1929. And to my terrific shame, at the top of an inflated market, I once paid $50 for a $5 Beanie Baby named Peace.
Read full article here:
http://online.wsj.com/article/SB10001424052970204044204574361212544716806.html
