PREVIEW

... all the massive loans they’d taken out were being thrown in.

The market’s insanity showed in how a whole bunch of lunatics mortgaged all their assets for cash, then ran around everywhere with piles and piles of money looking for steel, looking for steel futures.

Their money seemed endless, their enthusiasm constantly flowing through this market. Steel futures prices quietly doubled again.

This kind of growth rate—before they started their crazy borrowing spree—only happe ...

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