Edmund Simms's avatar
$7.8m follower assets
Plus ça change, plus c'est la même chose
A tidbit for students of history:

James Buchanan, the 15th US President, devoted the opening paragraph of his first annual message to Congress in 1857 to an attack on the "extravagant and vicious system of paper currency and bank credits, exciting the people to wild speculations and gambling in stocks."

The more things change, the more they stay the same.
sam stribling's avatar
@valuabl Dude I love your quotes keep them coming! Big fan of history myself! He wasn't wrong either Panic of 1873, Depression of 1882, these cycles are as old as the markets themselves.