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
Bad New Deal 2.0
February 1, 2009 By Leave a Comment
Oct 24, 1929: Wall St crash
October 24, 2008 By Leave a Comment
As the countdown to Halloween draws nearer, superstitious traders might want to take note of events that took place 79 years ago today – the omens facing global markets are eerily similar to those surrounding the 1929 Wall Street Crash.
Tags: 1929 wall street crash, wall st crash, wall street crash
How to evaluate the safety of your bank
July 17, 2008 By Leave a Comment
The photos of people waiting in long lines outside IndyMac’s branches to withdraw their money are all to reminiscent of the 1929 Wall Street Crash that jolted the country, causing folks to congregate outside every bank to empty their accounts.
Tags: 1929 wall street crash