THIS IS NOT 1637--Rare earths price jump no tulip mania, say experts, but correction likely for some elements

摘要

Dutch tulip mania - tulpengekte - is considered to be the first recorded speculative bubble in the global economy. The tulip was introduced to the Netherlands in 1593 by Flemish botanist Charles de l'Ecluse, who apparently received it from a Turkish ambassador. As the popularity of the flower grew, so did prices and, along with this, interest in investing in it. This increased profits, luring a growing number of investors to throw yet more money at this seventeenth century luxury item. In 1623, the price of a popular tulip variety was around 1 000 florins - consider that the average yearly wage of a skilled artisan at that time was 150 florins.