{"id":56,"date":"2013-09-22T06:36:29","date_gmt":"2013-09-22T12:36:29","guid":{"rendered":"http:\/\/www.textor.ca\/?p=56"},"modified":"2014-01-08T10:46:10","modified_gmt":"2014-01-08T16:46:10","slug":"delicious-cake-futures","status":"publish","type":"post","link":"https:\/\/www.textor.ca\/delicious-cake-futures\/","title":{"rendered":"Delicious Cake Futures"},"content":{"rendered":"
This podcast is an excellent example of how collective human psychology can take down the global financial system. From a school lunch room we here an eerily similar story to that of Tulipomania; widely considered the first economic bubble in 1637 when a single tulip bulb sold for +10x the annual income of a skilled craftsman.<\/p>\n