The financial memory only lasts about 30 years then analysts, bankers and
regulators fall victim to greed and fear. No matter how much they fiddle
with interest rates, Bob Marley said it best: “One day the bottom will drop
out…”
RUBIN
Comments
Alittle overly optimistic to buy stocks i would say. I would short the yen and buy other foreign currencies. American stocks are in trouble 5 percent GDP contraction this year at optimistic levels. Bond rates have already been coming down, and if a stimulus package goes through look for stagflation.
like i been saying the only hope we got is to make the US a manufacturing country and the only way we can make the change fast enough and efficiently is by having WW3 so tahts where we are headed… we will come on top since we will sell weaponds to the rest of the world and we will loan money to the war criminals like we always do and we will come back afloat no problem at all..
That is unlikely. When the bond market bubble pops the money will filter back into the stock market giving a boost, but high unemployment and since GDP is 70% consumption GDP will be devastated. Dow will close below 7000 probably around 5000 by november.
great video i had told several of my uncles to get out of the market since 2 yers ago and they did but they invested in real estate… what a bummer lol
but still they are better off with something tangible then nothing at all
by the way invest in the all American stocks this comming year they will sky rocket again.
Yeah I noticed that, but remember this is MSM so they can’t tell people the whole truth. Thinking too much is something the public avoids and if you do some thinking in front of them they think you are crazy tinfoil hat guy…just like MSM taught them to think.
And now the crash in demand is making oil go down.
“China’s going to take america’s seat as the most powerful country ever!” - Zen
Them yams dunno sh&% from shanola…Wait till they slave workers start unionizing. Thats when the sh&% gonna hit the fan fo them chinks.
Thanks to post such a value video for us. I learned more the 1929 stock crash
Great documentary. American’s better buckle the safety belts for a bumpy decade. Here we go again but this time will be worst since jobs are not coming back to US ever, as many great companies already outsourced to cheaper countries. This one will be worst!
Stop being so linear. Just be happy to be alive in the quantum foam of existence.
“The boom and the bust were normal — just two more swings in stock returns over the past century. Reversion to the mean is the iron rule of the financial markets.” — John Bogle
Typical of media coverage of the Depression, they don’t mention what caused the depression.
That’s called a Global Recession, not a Great Depression, silly.
There will never be another Great Depression simply because of the fact that economists have come WAY too far in practical theory and trade theory which basically means countries all help each other out and the laws of supply and demand govern help countries step up the ladder if you know what I mean.
Thus, you can sit down and keep dreaming.
Just read JK Galbraithe’s excellent book “The Stock Market Crash of 1929″ to know all about it.
I enjoyed it, reading it durng the DotCom bs and see a lot of parallels in all financial markets.
Bubbles are everywhere.
omg utter bullshit. Not a single mention of margin loans, FED retracting the money supply, banking cartels buying up whole entire corporations for table scraps, just like they are today. No mention of Morgan pulling out of the market en masse a few days before he sent his puppet to put on a loud show of confident buying (drop in the bucket for Morgan’s purse), and what was that crap about Morgan saving the market in 1907? He facilitated that panic in the first place.
China’s going to take america’s seat as the most powerful country ever!
vakero is right another great depression would prolly mean a very violent time i been poor my whole life and i know how shitty itll get half this countrys full of drug addicts who just dont give a shit
ill tell you this all those rule you can take them all and throw them out the window when the **** hits the fan
