The Rationale of Market Fluctuations |
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... speculation by recognising it . If so , I must accept the consequences without attempting beforehand to defend speculation except on its own apparent merits . That it has merits all must allow ; and the more readily will the value of ...
... speculation by recognising it . If so , I must accept the consequences without attempting beforehand to defend speculation except on its own apparent merits . That it has merits all must allow ; and the more readily will the value of ...
Page 6
... speculations with blindness , if they indicate two things usually forgotten by ingénu speculators and investors ... speculating sheep ; and second , these fluctuations are exaggerated in all cases . The farther a stock falls the less an ...
... speculations with blindness , if they indicate two things usually forgotten by ingénu speculators and investors ... speculating sheep ; and second , these fluctuations are exaggerated in all cases . The farther a stock falls the less an ...
Page 11
... speculation . In the market for stocks , as we shall see farther on , prices will move upwards , not so much because there is a real demand as because speculators think there will be ; the We lau latter bring capital into the market ...
... speculation . In the market for stocks , as we shall see farther on , prices will move upwards , not so much because there is a real demand as because speculators think there will be ; the We lau latter bring capital into the market ...
Page 24
... Speculative Opinion sometimes Wrong , but Reliable and Useful on the whole - Internal better than Parliamentary ... speculations and combinations , sometimes again of an impeded freedom of contract . Rules are apt to form a circle , a ...
... Speculative Opinion sometimes Wrong , but Reliable and Useful on the whole - Internal better than Parliamentary ... speculations and combinations , sometimes again of an impeded freedom of contract . Rules are apt to form a circle , a ...
Page 25
... speculation in securities makes it worth the while of the keenest business men in the world to obtain good information on the value of what they traffic in ; and so a bad thing falls , a good one rises in market value , a paying speculation ...
... speculation in securities makes it worth the while of the keenest business men in the world to obtain good information on the value of what they traffic in ; and so a bad thing falls , a good one rises in market value , a paying speculation ...
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Common terms and phrases
acceptors Alexander Collie America Bank of England Bank of France Bank rate bankers bill brokers borrowers branch bank brought bullion buyers capital cash caused cent checked cheques cloth commercial commodities consequently Consols cotton currency dealers debts demand deposits depression dividends drain Edition effect exports fall favour firm fluctuations foreign loans Germany gold Government harvest HENRY RUTTER increased India inflation investment investors joint-stock banks lend lenders less LONDON EFFINGHAM WILSON long bills loss manufactures Maps market price market value merchant money market obtain occurred organisation p. c. Market rate panic Paris Paris Bourse payments Post 8vo produce profit purchases railway mania railway stocks rate of discount rate of interest reaction real money realise remittance reserve rise ROYAL EXCHANGE Russia securities sell seller silver sold speculation stamp duties Stock Exchange sudden supply Tables trade transactions value of money wages
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Page 65 - ... half times as valuable as they were in 1809. Since 1849 the value of gold has again fallen to the extent of at least 20 per cent.; and a careful study of the fluctuations of prices, as shown either in the Annual Eeviews of Trade of the Economist newspaper, or in the paper referred to above, shows that fluctuations of from 10 to 25 per cent. occur in every credit cycle.
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