BONUS: Rubbish Rallies and Investor Amnesia by the Finance History Guy Jamie Catherwood
After a week where bankrupt Hertz pumped 890%, the question is: what is the historical precedent? Luckily, we have finance history guy Jamie Catherwood to fill us in. In this essay "Rubbish Rallies" (written by Jamie, read by NLW), Catherwood tells the story of an 1820s scam that turned into an 1860s market mania - even though everyone knew it had been a scam the first go around. History might not repeat, but it certainly rhymes.