AVOIDING THE HOUSE OF THE HARD-UP HOMO


SKIP THE FOAM PARTIES AND THE BURST BUBBLES


by david auten and john r. schneider


Picture it; March 1636, it was the peak of the Dutch tulip “bubble.” Tulips brought to the wooden-clogged nation from India were so popular, some bulbs sold for the equivalent of $150,000 in today’s dol- lars. Trading was more fierce than competing on RuPaul’s Drag Race, as bulbs traded on exchanges like stocks today. By March 1637, tulip bulbs were so expensive, the market dried up and caused many would- be wedding bouquets to desiccate faster than your skin in the Arizona sun. Estimates are that tulip bulb prices crashed as much as 90 percent. Consequently, the Dutch economy suffered and took years to recover.


continues on page 50 48 RAGE monthly | SEPTEMBER 2014


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