StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826
Strategy Driven
MARCH 6, 2014
This combination of high yield and seemingly low risk sparked a credit boom. “The judge the lawyer the doctor the clergy the widow the trustee of orphans all fell into the common vortex of investing in these bonds,” Life and Fire Insurance Company director Jacob Barker wrote in a letter in 1827.
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