The Panic of 1825; Brad DeLong

 


There is just now a great pressure in the mercantile world, in the consequence of the breaking of so many of these scheming stock company bubbles…

Sound familiar? These were not bubbles in high-tech stocks or in mortgage lending and house prices, however, but bubbles in shipping lines, canals, and textile-spinning factories. 

And, of course, the bank of which young Henry had been a partner for only four months had gotten itself badly undercapitalized.

1825 just as in 2009, no bank can borrow cash on the one day it really needs to, for every other bank really needs that very same on that very same day. 

Which is why there came for Marianne’s brother Henry and for her a “dreadful Saturday I shall never forget,” when a run on the bank was made, with “one old steady customer” withdrawing, without warning, his entire £30,000, leaving the bank vault “literally empty."

Brad DeLong 29 May 2025

https://braddelong.substack.com/p/one-year-and-sixteen-years-ago-on


1929 What turned all this into a full-blown global depression was the collapse of a small bank in Vienna in 1931

https://englundmacro.blogspot.com/2025/04/1929-no-longer-london-not-yet-new-york.html


Står vi inför en ny börskrasch?

Det kan falla mer, säger Frida Bratt.

April 2025

https://englundmacro.blogspot.com/2025/04/star-vi-infor-en-ny-borskrasch-men-det.html


The Fault Is Not in Our Stars… But in Ourselves

John Authers Bloomberg 31 mars 2025

RE: Ja, han är från England. De har inte bara språket som fördel. De har också läst litteratur när de gick på typ Oxford och kan alltid ta till något citat från Shakespeare och få oss andra att känna oss som deplorables.

Beware the End of March... Shakespeare Brutus US stocks worst in 23 years

 

Crashes 1729BC -

https://www.internetional.se/shares2016.htm





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