The South Sea and Mississippi bubbles of the early 1700s are legends in financial history.
After the South Sea Bubble burst in 1720, a ban on setting up joint stock companies lasted for 100 years.
In the early 18th century both Britain and France experienced a mania for stocks, which led to the South Sea and Mississippi bubbles.
Most people attribute the tech-stock boom to the madness of crowds, like the tulipomania of the 1600s and the South Sea Bubble of the early 1700s.
This has happened in the past, a good example being the South Sea Company in England, which in 1720 caused the first major financial crisis and bubble.
When the South Sea Company exploded its bubble in much the same way as the recent subprime bubble, the London property rental market was overvalued by 40%.
The Busang affair was not, first of all, a speculative frenzy such as the Dutch tulip mania of the 17th century or the South Sea Bubble of the 18th.
Then they created a glut of counter-attack chances against Samoa only to fluff the opportunities against the South Sea Islanders, who were unlucky not to steal victory at the death.
Hundreds of years ago, a book was written about the various bubbles through time: think alchemy, turning lead into gold, the South Sea Island bubble, and my particular favorite, the Tulip Bubble.
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Having failed to break the line in the opening 19-12 defeat to New Zealand - no great disgrace really - Warren Gatland's side could then summon only one against Samoa as they held off the South Sea Islanders 17-13.
Influenced by the writings of Fernand Braudel and Immanuel Wallerstein (historians who helped establish a tradition of global comparative history), large numbers of Japanese intellectuals are beginning to realise that a global economic system existed in the areas around the Indian Ocean, the Arabic Sea, the South China Sea, and the East China Sea long before the westernisation of the world.
Onto the coastal borders: the Taiwan Straits, the Bohai Bay, the East China Sea and the South China Sea.
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Indeed, since China began to flex its military muscles, declaring sovereignty over the many rocks, reefs and resources of the South China Sea, some of the countries of South-East Asia have been readier to open up their ports and repair yards to visiting American naval ships.
Officials said the Washington is deployed in the East China Sea and the Stennis is in the South China Sea.
The trouble starts with the names: the Sea of Japan is the East Sea to South Korea, and the East Sea of Korea to Pyongyang.
They briefly talked about the South China Sea and the East Asia Summit at the end of that -- because it was a short meeting.
Mr Obama intends to raise the matter of territorial disputes in the South China Sea at the East Asia Summit in Bali at the weekend.
In terms of the South China Sea and the East Asian Summit, again, I would leave that to our President and to our Secretary of State to discuss with the members there.
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One of those involves an increasingly shrill argument with the Philippines about who has sovereignty over the Scarborough Shoal, a group of rocks in the South China Sea called the Huangyan Islands by China.
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And in case you thought the US intervention means there will be an outbreak of peace and harmony in the disputed waters of the South China Sea, the official Xinhua news agency issued a new broadside on Monday, directed at the Philippines.
And that goes not just in the economic area, but also in a conversation we've been having about the South China Sea and the necessity of having any disputes there really settled peaceably -- peacefully -- and in accord with international norms and rules.
In China Daily, Prof Gong Jianhua, a maritime affairs specialist at Guangdong Ocean University, welcomes the new coast guard, but says China should promote joint development with neighbours in the South China Sea on the basis of a China-Asean free trade zone to ease "anxiety and suspicion".
He argued that the deteriorating situation in the South China Sea was the result of "the internal dynamics of China", with Beijing focused on upholding its sovereignty and territory because of the recent leadership change, growing prosperity and a sense that the state-building process was still under way.
And secondly, what kind of discussion do the leaders have on the South China Sea and on the issues of competing sovereignty claims.
So the South China Sea region and the sea lines that it contains is incredibly vital to the region, to our partners and allies, and certainly to the United States.
WHITEHOUSE: Press Briefing with Ben Rhodes and Admiral Robert Willard
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