1929 Stock Market Crash (Part 2)
The financial memory only lasts about 30 years then analysts, bankers and regulators fall victim to greed and fear. No...
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…”
anyone who thinks this is the “yanks” fault, needs to just go find a bridge. . . lmao x_x
@RideMyBMW – just cant get what u said out of my mind. And Bush 1 and W had nothing to do with the situation we are in now. Or Hoover, Or nixon, or. . . . ronnie? Get real. We all help or we all suffer
@hollywoodartchick – We get a laptop, but no longer get internet service free. u R not the only one that does not get all services free. just be glad u have a job
@RideMyBMW – r U kidding, right?
@RideMyBMW . . . . . . . . . . k.
“Emulate socialist tendencies in Europe. . . ” – southparkgdp
Emu – what ? All I know iz some muthafu%$a come up ta me and start emulatin n sh%$ ? I’ll busta cap in that nig. so fast he best be wearin couple Kevlars.
Fu%$in Euro sh%$ my fu%$in ass. . . ‘Merica started this sh%$, we gonna finish this beeeatch!!!
@RideMyBMW Yeah, it’s because we are the center of the economic universe. I’m sure that since we are beginning to emulate the socialist tendencies of Europe that that will cease, but there you go. .
Excessive government is detrimental to economic freedom.
Imagine the great depression on a global scale. . . . . . . . . . like a depression, only on steroids
JKG ROOLZ!
Lucky you. What would you do if you lost a job that provided all those things, and the next job could not even be accessed till you obtained them on your own? And you did not have the money to buy them?
Nope sorry. I’ve never needed to supply my own laptop for work. I’ve ALWAYS had one provided for me at my job.
“Require. ” What does that mean? If you don’t have them already, you can’t get hired at many places, although they would not think of paying for them. If you have only worked at places that will pay for stuff like that after they hire you and not expect you to have them before they will consider you, you are in a very different realm than many, many people. In fact, there are places that expect you to use YOUR car for THEIR work and don’t pay for your gas or insurance.
Most places that REQUIRE those things pay for them as well. Didn’t your company compensate you for the use of a cellphone and buy a laptop for you?
You are very blessed then that your boss does not require you to buy an iphone, laptop, and high-speed internet service to do your work offsite. Not everyone has the luxury of making the prudent choices you have. If you are required to take classes on credit, buy technology on credit, and then you get laid off thru no fault of your own, it is not personal greed that pushes you over the edge.
Their world didn’t “fall apart” idiots. . . . the economy was still good to go and needed a recession, plenty before had happened, and the leave it alone liquidationists were correct in their view and won out the previous few times before. . . PS we were not a thrid rate power before them but one of the “giants” in the world as of the early 1800’s/
It was not greed pig, it was nationalized anti-gold standard central bank madness and “liquidity” that caused the stock crach with caused many a malinvestment. The derpession was not caused one bit by this, as the turnaround was well underway before Hovver’s socilism hit in full force, raising taxes gigantically, protectionism, “regulations”, and massive out the ass inflationary spending caused a real depression much Obama has done, only he has done it spending waise FAR WORSE!
We aint gonna have another crash my friend. You already missed the big one.
you are behind the curve.
obama stock market crash oct 29 2009 like 1929 well going do it againg.
most buisnessmen/politics are crooks
You deserve to go bankrupt if you trust the Wall Street bankers like JPM and GS. They spread the rumors and profit from the crash.
Remember the $200 oil price target of GS analyst.
GS profit from shorting the toxic waste the sold to the clients.
FaeireCrone: I agree with you up to a point. We’re frugal and wait on major purchases. We have been the target of snide remarks by those buying “must-haves” of the moment by maxing out their credit cards. I don’t think everyone on Wall Street is “greedy”, they’re just hardworking people trying to wisely invest their money. I don’t buy into this class-envy and jealousy the government is expecting us to have.
People like myself who have always had to ‘make do’ (lack of money) don’t notice any change. If people stopped being so greedy, wanting everything that’s being sold, things would level out, but that’s not human nature. Everyone has to have the latest this and the best that because the media foists it on them. If you want to stay afloat, only buy what you can really afford and things that you really need as opposed to what you want. It’s how I’ve survived all these years.
And just what science movies would they be?
“becasue you dumb Yanks have caused every crisis in history. ” – South
You must be European. . . you ungrateful ass-hat!!!
You doomsayers telling everyone to ‘pray’ and ’sell everything’ are nothing more than fear mongers. The world will NEVER tip over. Most humans are too strong and resilient to just roll over and die like dogs. You lot are a bunch of pussies. The US is in a lot of trouble though, but 78% of Global GDP is now generated outside of the USA, so that will save us. I hope America really suffers though, becasue you dumb Yanks have caused every crisis in history.