A Short Summary: It is August 1939 and Americans are still recovering from the Great Depression–the worse nightmare that has ever happened to the United States. For the last ten years, since 1929, this country has experienced total economic collapse. Who could have imagined that this would happen in our modern industrial world? The Wall [...]
Filed under: Bankruptcy, Credit Crunch, Deflation, Depression, Economy, economics | Tagged: Depression, Dooms Day, Life, Market History | 1 Comment »
By Pedro Nicolaci da Costa NEW YORK (Reuters) – When economists tell us the current U.S. slump could never turn into another Great Depression, they all point to one thing: one of four Americans was out of work in the 1930s. But since the definition of joblessness has changed over the years, this expert assessment [...]
Filed under: Economy, Interest Rates, Market History, Reuters, economics | Tagged: Deflation, Dooms Day, economics, Economy, Market History, Recession, Reuters, Thoughts, Work | 1 Comment »
“This is just another stage of the credit crisis,” said Birinyi Associates analyst Cleveland Rueckert. “Now we’re seeing the effects in world economies of the trickle down effect of the last year and a half.” The sell-off in commodities has hit gold, oil, base metals, sugar and grains and is tied to the soaring dollar. [...]
Filed under: Credit Crunch, Economy, Investing, Laszlo Birinyi, Liquidity Squeeze, Market History, US Dollar, economics | Tagged: Commodities, Dollar, Economy, Euro, Exchange Rate, Investing, Investments, Laszlo Birinyi, Market History, US Dollar | Leave a Comment »
Record Drops in Dow and S&P Monday 09/29/08 Dow 10,365.45 -777.68 (-6.98%) S&P 1,106.42 -106.85 (-8.81%) All the major indexes were down more than 6% for the first time since 1998. Prior to today, the biggest point drops for the Dow and S&P was after the 9/11 attacks in 2001. The VIX (a volatility [...]
Filed under: Credit Crunch, Credit Freeze, Dooms Day, Economy, Market History, Money Market, MoneyBob Postings, Risk in Portfolio, Saving, Thoughts, economics | Tagged: business, economics, Economy, Market History, Money, money education, MoneyBob, Stock Chart, Stock Market, stocks, Work | Leave a Comment »
In an open discussion with executives in the Securities Industry Institute, Wharton professor Jeremy Siegel examined investment strategies in the current market. Siegel, author of the landmark books Stocks for the Long Run and The Future of Investors, drew upon historical records in making sense of the current downturn. Based on Siegel’s analysis of data [...]
Filed under: Economy, Interest Rates, Market History | Tagged: economics, Economy, Interest Rates, Jeremy Siegel, Market History, Work | Leave a Comment »
