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Stock market mirroring great depression?
RabbitMad
Posts: 2,069 Forumite
Dan Hannan has an interesting bit in his blog
http://blogs.telegraph.co.uk/news/danielhannan/100010276/this-is-truly-terrifying-lessons-from-the-great-depression/
It looks scarily similar, I say we head for the hills
http://blogs.telegraph.co.uk/news/danielhannan/100010276/this-is-truly-terrifying-lessons-from-the-great-depression/
It looks scarily similar, I say we head for the hills
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Dan Hannan has an interesting bit in his blog
http://blogs.telegraph.co.uk/news/danielhannan/100010276/this-is-truly-terrifying-lessons-from-the-great-depression/
It looks scarily similar, I say we head for the hills
Could the same not be done with any recession?0 -
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Could the same not be done with any recession?
I have no idea, I didn't do the research.
I think we are in danger of a double dip recession, do I see another great depression - I'm not sure I doubt it I think the governments will inflate away the debt, but then what do I know.
I predicted a "soft landing" to the housing market "bubble" back in late 2006 or early 2007. I could see that the market was out of kilter but just couldn't see a senario that would force a correction. As it turned out a lack of cheap mortgages bought about by the northern rock problems forced it.0 -
They have too much debt also and will screw their self with high IR's, ever thought Low IR could pay back debt quickly?I think the governments will inflate away the debt, but then what do I know.
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Inflating debt away is pointless unless your income (GDP) is inflated also.
Thanks for the post back, my point was (and always is) you can super impose anything if you want (even most probably a part of a boom)
Just because some points hit after distorting and super imposing does not mean the same outcome will happen.
What as history taught us? The past is the past.
What went wrong in the past can be used to look how to deal with things in the present.
But one thing is for sure it does not mean the outcomes will be the same.0 -
You have to say that only a few if actually anybody understood what was going on in the great depression. However, even a peasant like me has some understanding of what’s going on at the moment. Information is power and we are awash with the stuff. In my opinion the only way recovery will be halted is if another Lehman’s happens. This of course is now virtually impossible. So many may find this world unfair etc etc, but it cannot change, not for now anyway.0
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Oh no talking head again :eek: Hope he never has to seek help from the NHS
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Could the same not be done with any recession?
What have got?
A) Market Crash (world recession)
Market recovery (anticipated end recession).
Yep I guess other recession/recovery charts wouldn't look too dissimilar
Where is Sabretooth with that chart, hope he hasn't gone extinct :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
hink the governments will inflate away the debt, but then what do I know.
I predicted a "soft landing" to the housing market "bubble" back in late 2006 or early 2007. I could see that the market was out of kilter but just couldn't see a senario that would force a correction. As it turned out a lack of cheap mortgages bought about by the northern rock problems forced it.
I think it was a little more than that, otherwise the crash would have only happened here.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I'm not sure I doubt it I think the governments will inflate away the debt
Careful.
Watch out for that KNEE !!!! :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
I predicted a "soft landing" to the housing market "bubble" back in late 2006 or early 2007. I could see that the market was out of kilter but just couldn't see a senario that would force a correction. As it turned out a lack of cheap mortgages bought about by the northern rock problems forced it.
With hindsight we really didn't have a clue what was driving the property market relentlessly upwards. Even now their is still an expectation that as the banks have been bailed out all is well.
Sub prime lending on interest only basis was NR's downfall not low cost mortgages.0
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