In 1720 Sir Isaac Newton discovered a thing or two about the gravity of bursting economic bubbles. At the height of England's South Sea Bub-ble, the foremost genius of his era was happily investing as if his brilliance in science carried over to his finances. At one point, Newton showed a ￡5,000 profit. Before it was over, he'd parted with ￡20,000. Newton suffered like the rest of us. And while bubbles deceptively appear as if they're short-term blips in economic history, more often the aftermath is long term, resulting in severe recessions and government intervention that usually exacerbates the situation.
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