Hot stocks, high living and the nother of all crashes. Essay: Liaquat Ashamed makes a convincing argument that the boom before the 1873 global crisis has unsettling parallels with today's AI Frenzy. parallels with today’s AI frenzy. By Patrick Foulis ### **Main Article:** For most people working in markets, business or government, the canonical examples of a global financial crisis are 1929 and 2007-09. Liaquat Ahamed’s new book brings to life a third global cataclysm that was not like either of its successors and raises intriguing parallels with today’s technology and geopolitically charged world. The cast of 1873 includes Mark Twain, Karl Marx, Egyptian accountants and Prussian officers turned speculators. The boom and the bust they lived through helped create the modern world.
Hot stocks, high living and the nother of all crashes. Essay: Liaquat Ashamed makes a convincing argument that the boom before the 1873 global crisis has unsettling parallels with today's AI Frenzy. parallels with today’s AI frenzy. By Patrick Foulis ### **Main Article:** For most people working in markets, business or government, the canonical examples of a global financial crisis are 1929 and 2007-09. Liaquat Ahamed’s new book brings to life a third global cataclysm that was not like either of its successors and raises intriguing parallels with today’s technology and geopolitically charged world. The cast of 1873 includes Mark Twain, Karl Marx, Egyptian accountants and Prussian officers turned speculators. The boom and the bust they lived through helped create the modern world.
Hot stocks, high living and the nother of all crashes. Essay: Liaquat Ashamed makes a convincing argument that the boom before the 1873 global crisis has unsettling parallels with today's AI Frenzy. parallels with today’s AI frenzy. By Patrick Foulis ### **Main Article:** For most people working in markets, business or government, the canonical examples of a global financial crisis are 1929 and 2007-09. Liaquat Ahamed’s new book brings to life a third global cataclysm that was not like either of its successors and raises intriguing parallels with today’s technology and geopolitically charged world. The cast of 1873 includes Mark Twain, Karl Marx, Egyptian accountants and Prussian officers turned speculators. The boom and the bust they lived through helped create the modern world. The crash was brutal. In one day in May, shares in Vienna collapsed by 45 per cent. In September, America’s leading investment bank, Jay Cooke & Company, collapsed, leading the New Y...
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