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{ 25 comments… read them below or add one }
@dam2630 yeah, and i’ve made 250% profit or so since I got back in the market in late may. Too bad I barely had any money in the first place…
dam2630: It’s not over yet.
Not quite, Orandun: we only lost 40% from peak to trough- but from Sept ‘29 to July ‘32, the market lost 90% (that’s right) of it’s value….. not quite the same. We also don’t have breadlines and 25% (by some measures up to 35%) unemployment
Looks like an old Bill Maher 4:20 on the right…LOL
No, 1901-1907 is the same as 2000-2009.
We just saw the exact same thing that happened in 1907, or better known as the “Rich Mans Panic”
I love stock martket crashes. It is the only time u buy great business below value
2000-2009 is the same as 1929-1938 in stock market years
This has happened before, is happening now and trust me it will happen again despite regulations
fuckin’ banksters
I don’t believe the real estate economy will or should recover. PAY for someplace to SLEEP??? Ridiculous!
You ‘doubt any recovery from that will be long and painful’ ?
Surely any recovery from that will be long and painful?
I’m against buying land. No one really ‘owns’ land anyway with all those taxes they throw on it. I’m not seeing ANY land’owners’ growing food on their lots. I guess their grass is just too precious. They can eat that, I guess when things get really bad.
YEP ! And the next big hit will be the collapse of commercial real estate – I doubt any recovery from that (if a recovery is possible) will be long and painful. Buy a little land so that you can grow food – that’s my advice but no one listens to me any more ! (;-}
This seems like 2009. Washington Mutual, Circuit City, Enron, and other stocks now worthless. Citibank, Bank of America, and AIG stocks spiralling down, down, DOWN!
3:20 haha!!! divorce sucks
YEP! Just like Buffet:) I was going to type that.
Buffett only said that so that he could get a chance to get out.
Near the end of this video, they mention people didn’t really understand what was coming on New Year’s Eve. We don’t really know where this is going. It’s just going to take some time.
LOL. This part reminded me about Warren Buffett’s stake in Goldman Sachs and GE. Buffett then put his words in a paper saying,”it’s time to buy America”. Too striking similarity. It ain’t over yet, America.
I’m a jackass for pointing a fact out jack?
“The CDS (coming death star) estimated at 500 + trillion more than world markets put together.” – Ion
You`re talking about the derivatives market you jacka”$!!! Nobody`s gonna pay up that quadrillion dollar black market debt.
Dont worry, I dont think that this crisis will be worse than the great deppression.
I just wanted to highlight a danger that we can face some day.
And that we should do something to prevent it.
if you’re trying to allude to commodity-backed currencies you are fooling yourself. even though ron paul is still the best politician we have.
don’t listen to lonwitness either; he’s being an absolute muppet.
now for some positive economics instead of the normative junk lonwitness gave you
GDP dropped by .3% this quarter
it dropped by over 16% in quarter IV 1929.
A lot worse now. The CDS (coming death star) estimated at 500 + trillion more than world markets put together.
chck out my profile! Y
Will we watch a video about this crisis in the future? What do you think?
The fact is, that it is not yet so bad as 1929, but on the other hand, we do not have any real money, just currencies in our wallets today.
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