September 14, 2017

Demand For Indian Cotton Suddenly Shoots Up - History Repeats -1860 s

Top cotton buyers flock to India as hurricanes hit US crop 


History Repeating ( Deja Vu )

In 1860 s , American Civil War stopped raw cotton supplies to England leading to bubble boom of Indian cotton prices and the nascent Indian share market


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 Share prices of companies that didn't exist till a few years ago were rising astronomically. share, with face value of Rs 5,000, traded at Rs 50,000. Bank of Bombay's Rs 500 share touched Rs 2,850.

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