1 of 1 people found the following review helpful
5.0 out of 5 stars
A history of bubbles and greed, Dec 31 2009
Chancellor's story of bubbles and stock markets gets interesting in the late 17th century part of the story. Thomas Shadwell describes the stock market of that time as a world of sharpers and cheats, where men "bubbled" each other for profit. The many 20th century bubble examples found in the later chapters of the book leads to the conclusion that U.S. government and non-government regulators were asleep at the wheel (or worse?) during the real estate bubble of 2004-2007 and the financial banking system mortgage derivatives mania meltdown that followed. I enjoyed every page of this book and regret that I did not read it when it was first published in 2000.