The Tulip Mania Collapse in the United States

After the tulip mania collapse in holland, surprisingly little impact on the dutch economy. After sub prime, extraordinary negative impact. Central banks are just not remotely concerned about this at all. If they were worried about this, you'd get another pivot toward duvishness. And they're not. So they think the fall out of this is going to be a, you use that horrible word that people used before the sub prime crash. They think it's going to be contained.