Subprime collapse part of economic cycle (BizJournals)
Story date: 2007-10-28 10:28:04
Added on: 2007-10-29 19:00:15
Speculative bubbles are nothing new. Back in 1721, Sir Isaac Newton quipped: "I can calculate the motions of the heavenly bodies but not the madness of people." The quote was taken shortly after Newton lost a considerable amount of money in the infamous "South Sea Bubble."
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