Skip to main content

Bubble - the World of Things


A bubble refers to an economic term where the price of trading does not match its real value. The term mainly relates to prices expanding based on nothing but air.
Four notable examples of bubbles exist:
  • South Sea bubble, when stock in British companies trading in South America became inflated.
  • Tulip mania, when stock in the Dutch bulbs suddenly inflated.
  • The Wall Street stock market crash, often referred to as the day the bubble burst. This precipitated the Great Depression.
  • The subprime fiasco, when the major finance houses and banks failed. This was triggered by the reversal of protective measures put in place during the Great Depression. This occurred during the administration of President Clinton due to pressure and lobbying from the financial community.
In late 2017, Bitcoin became another candidate for a bubble.
Important dates: February, 1637 (the peak of tulip mania); 1711 to 1720 (the period of the South Sea bubble); 28th October, 1929 (the day the bubble burst); 15th September, 2008 (Lehman Brothers files for bankruptcy marking the height of the crisis during the subprime fiasco); November 2017 (launching of PowaINFRA - an awesome Internet of Things).
This post forms part of the series of posts around 1001 Awesome things.
Now that you know about an awesome thing in the world, discover our awesome world of things...
Visit the website of DS or email info@ds.co.za to discover awesome #IoT solutions and services. We won't burst your bubble.
Labels:

Comments

Post a Comment

Popular posts from this blog

Using OPENDNS on a Mikrotik

At the office we use a Mikrotik which is connected via fibre to Cool Ideas.  We use OpenDNS as a Information Security tool.  It prevents ransomware and bots from becoming major incidents within the office.

The router is scheduled to do a daily update via script of the OpenDNS settings.  Below is the example:

:local opendnsuser "user@domain.co.za";
:local opendnspass "itsprivate";
:local opendnshost "office";

:log info "OpenDNS Update";
:local url "https://updates.opendns.com/nic/update";
/tool fetch url=($url . "\3Fhostname=$opendnshost") user=("$opendnsuser") password=("$opendnspass") mode=https dst-path=opendnsupdate.txt
:local opendnsresult [/file get opendnsupdate.txt contents];
:log info "OpenDNS: Host $opendnshost - $opendnsresult";
Post a Comment
Read more

The importance of the major incident process

ITIL mentions the Major Incident process as a special case of the incident management process as well its close relationship to problem management.  However, the Major Incident process requires greater clarity and specification as in many large enterprises the process is crucial for overcoming a crisis. A Major Incident typically defined as an incident with severe negative business consequences and an important duty of any designated Information Technology (IT) resources is to deal with Major Incidents in a structured manner.  We will address this important topic in a series of articles that specifically addresses the process and crisis management in general.

Read the full article here.
Post a Comment
Read more

Cloud delivered enterpise security from Cisco Umbrella

As the industry’s first Secure Internet Gateway in the cloud, Cisco Umbrella provides the first line of defence against threats on the internet. Because Umbrella is delivered from the cloud, it is the easiest way to protect all of your users in minutes.

Read about the full product details here.
Post a Comment
Read more