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It all may sound like speculative mania.
Are Web 2.0 companies the unlucky beneficiaries of a speculative mania?
Accordingly greed kicked in, triggering waves of speculative mania that are still continuing.
Like tulip bulbs in 17th-century Holland, the Internet has fueled a speculative mania here.
Economists study fads for examples of speculative mania -- Dutch tulips, perhaps today's Nasdaq -- that inevitably result in depressions.
The parallels between the speculative mania that ended in October 1929 and the housing bubble are seductive but misleading.
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On the other hand, speculative manias are an apparently inescapable feature of our entrepreneurial capitalism.
That's the nature of speculative manias: eventually, they draw in almost all of us.
Speculative manias frequently end in a wave of lawsuits and calls for greater regulation.
From Internet stocks to Florida real estate and biotechnology startups, all too many speculative manias have been constructed on this basis.
"What we have is gross credit excess" on both the personal and national levels, he said, and credit excesses fuel the speculative manias of classic boom-bust cycles.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com