tulip mania

GBK English to Czech Bus/Financial Business/Commerce (general)

Definition from Economic Times:

Tulip mania is used as a metaphor to describe an economic bubble. People start investing in a particular asset in large quantities because of positive sentiments about it. This pushes the prices of that asset to very high levels. After reaching a peak, prices suffer a sharp fall due to an extensive sell off, leaving the asset holders bankrupt. These assets are metaphorically called tulips.

Example sentences:

Tulip mania gets brought up again and again, as a warning to investors not to be stupid, or to stay away from what some might call a good thing. (The Conversation)

The enduring power of so-called Tulip Mania means it still gets trotted out in 2018 when people talk about Bitcoin, which reached a record high last November, but has since fluctuated in value. (BBC.com)

But even if a form of tulip mania did strike Holland in 1636, did it reach every rung of society, from landed gentry to chimney-sweeps? Goldgar says no. Most of the buyers were the sort you would expect to be speculating in luxury goods—people who could afford it. (History)

Proposed translations (Czech)

5 +1

tulipánová horečka

Antonin Rozkopal