“History doesn’t repeat itself, but it often rhymes.” – Mark Twain
Financial crises have hit the global markets on a regular basis throughout history. And it appears financial crises will continue to pop up at regular intervals into the future. The first recorded speculative bubble was Tulip Mania in 1637, a period in the Dutch Golden Age during which the prices for fashionable tulip bulbs reached extraordinarily high levels only to dramatically collapse. Today, we view stocks, bonds and commodities as our investments of choice and, as always, current events continue to cause the financial markets to fluctuate, sometimes dramatically.