Emeriti Exile: 338-348 CE

Emeriti Exile: 338-348 CE
Exile: 338-348 CE, Thassos, Greece

Monday, March 18, 2013

32: Emeriti Crocus Bloom Boom

Emeriti Crocus Farms sold Corms from Crete to Eastern Markets in 1637

Tulip Price Collapse in February 1637

Emeriti Crocus Market in February 1637

Emeriti Crocus Hedge Fund
In 1637, The Netherlands suffered a catastrophic collapse in Tulip bulb prices due to extraordinary price speculation and the original “Irrational Exuberance,” which the Calvinist authorities of the day found to be “abhorrent” due to the “artificial frenzy that denied virtues of moderation [and] hard work….” The top graph shows the rapid price decline between February 3rd and May 1st of 1637.

The Emeriti had long ago established a trading company that specialized in marketing native Greek Crocus corms to Eastern commodities markets, which traded directly with the Dutch and Venetian markets.  The bottom graph illustrates how the Emeriti Crocus Hedge Fund was able to counter the Tulip Market collapse during the same period, thus stabilizing the early Emeriti Central Pension Fund value.
Source: Emeritipedia, Wikipedia, Hedge Fund History, EPI ©1982

Product of the Brotherhood of the Emeriti ©2013