The crisis began on Wall Street. Financial conjurers suddenly discovered that their tricks for making risk vanish had only disguised it. Their leveraged bets went sour, and the derivatives they thought insured them against any shock turned out to be worse than worthless. Check out Express India for the rest of the story.
Are you ready to surive another Wall Street Crash? I know I am. BTW, are the Chinese really going to by Hummer from GM. Would you have guessed that 3 years ago?
Tags: Derivatives, Gm, Hummer, india, Risk, Shock, Slump, wall street, wall street crash, Wall Street Financial
Surviving the slump
June 2, 2009 By Leave a Comment
Will our Relationship with China Cause Another Bubble on Wall Street and Shanghai
April 15, 2009 By Leave a Comment
Our relationship with China is very important at this stage of the game. Lets hope they continue to buy US Treasury Bonds.
Gary Dorsch ( Global Money Trends ) submits: Since the historic 1987 stock market crash, the Federal Reserve has responded to every recession in the United States economy by cutting interest rates, and funneling cash to the hands of the people that had a major hand in getting us in this mess. (Yes, the Wall Street Fat Cats and the ruling class that dominates the two political parties in Washington). The Federal reserve's cash injections have usually found their way into assets, including commodities, stocks, and mortgage-backed securities, and often fueling speculative binges into stratospheric heights.
There are some good charts in the rest of this article.
Tags: 1987 stock market crash, china, stock market crash
Market Analysts are wrong
February 11, 2009 By Leave a Comment
thanks to toothpaste for dinner for this This may be news to some of you, but the market itself is full of it. The analysts who track the bulls and bears are full of it. And the folks who gamble their savings on a fictional index of movers and shakers? Well they are full of it too. One of my favorite sources for not-so-LOLZ Doom and Gloom, Bank-Implode.com, had an interesting article yesterday on just how full of it the scheme is: Even now, with the recession deepening and markets on edge, W
Tags: american market crash, wall str crash
Bad New Deal 2.0
February 1, 2009 By Leave a Comment
10 years after the the 1929 crash on Wall Street, the Treasury Secretary of the US was quoted saying "We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong...somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promise." That's one scary thought. Do we ever learn from history.
Tags: 1929 wall street crash, crash, stcck market, wall street
Lessons from the Great Depression
December 28, 2008 By Leave a Comment
Lessons from the Great Depression National Post, Canada - 4 hours ago This is when the Wall Street crash is conventionally said to have begun, though in fact the market had been slipping since early September and had already ... |
Surviving the Death of a Job
December 11, 2008 By Leave a Comment
Surviving the Death of a Job Greenwich Citizen, CT - 54 minutes ago During the great 1929 Wall Street crash, sadly, records show jumping out a window in the nation's financial center was a popular way of coping. ... |
Global economy collapsing along with the world financial system
December 11, 2008 By Leave a Comment
Global economy collapsing along with the world financial system American Chronicle, CA - Dec 10, 2008 This Wall Street crash and give away will give the citizens' property to the powerful. Boom and bust cycles, market fluctuations and stock market crashes ... |
Wall Street welcomes Obama’s rescue plan
December 11, 2008 By Leave a Comment
Wall Street welcomes Obama's rescue plan United Press International - Nov 25, 2008 Such volatility was also typical of the plunging markets in 1929 to 1931 following the Wall Street Crash. Obama said in the Democrats' radio address ... |
Anything Goes: a Biography of the Roaring Twenties
December 11, 2008 By Leave a Comment
 First Post | Anything Goes: a Biography of the Roaring Twenties First Post, UK - 7 hours ago ... high-spending boom era and the Wall Street Crash of 1929 that followed it - implicitly drawing parallels between that decade and the present. ... |