Warning: The Stock Market Has Mania Quality

You may remember the recession that followed the collapse of dot-com stocks in 2001. Or, worse, the housing crisis of 2008. Both times, a new idea — the internet, mortgage-backed securities and the arcane derivatives they unleashed — convinced investors to plunge so much money into the stock market that it inflated two speculative bubbles whose inevitable bursting created much economic pain. Read Full Article »