The #SouthSeaCompany, a British corporation from 1711, used #InsiderTrading to inflate its #stock value, then collapsed in the 1720 #SouthSeaBubble. On #ThisDayInHistory in 1721, an inquiry revealed political corruption and company fraud, i.e., business as usual for #capitalists.

Kind of want to launch a crypto venture/coin called SouthSeaCompany just for astronomical irony...

It’s Too Soon to Say Whether This Is a Bull Market, but Invest Anyway
#federalreserve #goldmansachs #alexanderpope #southseacompany #southsea #bear
https://www.nytimes.com/2023/06/16/business/bull-bear-market-investors.html