80th Anniversary of "The Great Crash" today

[Dogfish]

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[Dogfish]

All down to GDP as to whether history repeats itself

 

[nutmeg]

There are some striking parallels.

 

[cleveland45]

Another poster listed two differences: mountain of derivatives that did not exist in 1930's and debtor nation status. Ominous.

 

[nutmeg]

mountain of derivatives that did not exist in 1930's
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Prior to the cash people were margined 90% in stocks, derivatives may not have existed but are leverage.