In his weekly commentary, SMU Adjunct Professor Larry Haverkamp recommended the book Manias, Panics and Crashes by Charles Kindleberger, and extracted several of its case studies centred on speculative bubbles. These included the great monetary loss sustained by Isaac Newton when he re-purchased South Sea Company stocks prior to the market bubble bursting; the recession in Holland upon the sudden bursting of the tulip bubble in 1638; as well as the modern-day manias experienced by the Japanese and American economies.