Stock Market Crash in 2007 or 2009

Quote from southamerica:

.
October 16, 2007

SouthAmerica: I don’t know why this thread discussing stock market crashes in the United States was moved from the economics forum to the Politics and Religion forum.

I guess the moderator of the economics forum think that stock market crashes has no economic consequences for the United States because it is caused or by politics or by an act of God.

Anyway we can talk about the possibility of a stock market crash on the Paul Krugman's thread 1928 and the stock market crash – you can find it at the politics and religion forum.

The other possibility that this thread was moved to the Politics and Religion forum is because Wall Street is hoping for an act of God (Religion) to avoid the stock market crash.

No wonder they are resorting to God to save them – with the sub-prime mess getting worse, the war in Iraq engulfing another country into the conflict – Turkey – and oil prices approaching $ 100 dollars per barrel.

I guess it is getting to the point that only God can help.

At the end of the day the truth is the stock market in the United States is way overdue for a major stock market crash like the one in 1929.

.
More...

Do you even know what the scope of the "sub-prime" mess is? By your comment on it, I suspect the only thing you know you have gotten from a newspaper or the TV.

Subprime mortgages in the US are < 3% of the total yearly mortgages. If that entire 3% defaulted, you would still only have a default rate of <7% of the total volume of mortgages in the US.

That is nothing, and would still take every single sub-prime mortgage to default!!!!!


Please, for the love of whatever you find holy, stop with the "sub-prime" song. It's non-news.
 
.

October 22, 2007

SouthAmerica: Reply to Krazykarl

What is going to trigger the new global economic depression will be the meltdown of the derivatives market.

.
 
Quote from southamerica:

.

October 22, 2007

SouthAmerica: Reply to Krazykarl

What is going to trigger the new global economic depression will be the meltdown of the derivatives market.

.
More...

Unlikely. If anything, the strengthening USD may cause the "global economic meltdown".


This has all been carefully planned.
 
.
January 22, 2008

SouthAmerica: Talking about Panic and financial markets meltdown – the current market meltdown it was supposed to happen in October – you guys are 3 months behind schedule. Wall Street is supposed to have its market crashes in October. You guys on Wall Street can’t keep even your schedule on target anymore.

The Panic button has been pushed around the world in the financial markets.

It is time for major damage control.

Ben Bernanke probably it will inject more liquidity into the US financial markets – maybe another US$ 500 billion dollars or even more….Who knows…

He can also cut the fed funds rate at least another half point.

Welcome to La La Land and more government intervention – and the usual Blah, Blah, Blah about the virtues of a superior free markets system.


.
 
.

January 22, 2008

SouthAmerica: Reply to Makloda

It is not my fault that today Wall Street can’t keep up even one of its major traditions - October market crashes.

.
 
Quote from southamerica:

.

January 22, 2008

SouthAmerica: Reply to Makloda

It is not my fault that today Wall Street can’t keep up even one of its major traditions - October market crashes.

.
More...
We're innovating. Trying to make a new tradition :D

Enjoy black tuesday.
 
.

SouthAmerica: Reply to Eusdaiki

As I mentioned before: "The Wall Street Crash of 1929, also known as the Crash of 1929, was one of the most devastating stock market crashes in American history. It consists of Black Thursday (October 24, 1929), the initial crash and Black Tuesday (October 29, 1929), the crash that caused general panic five days later. The crash marked the beginning of widespread and long-lasting consequences for the United States."

As you can see they already had Black Tuesday in October 29, 1929.

The fed cut the fed funds rate by 3/4 of a point, and they are saying that the fed might cut the fed funds rate another half point one week from now.

Talking about a TOTAL market PANIC!!!!!!

I was watching Treasury Secretary Paulson give his emergency market spin - he looked bad as he was giving his speech - he looked like someone who was ready to explode - He looked like he was in Panic mode himself.

Anyway, it will be an interesting day, and be prepared for all kinds of damage control.

The shit is about ready to hit the fan in New York....

.
 
Quote from southamerica:

.

SouthAmerica: Reply to Eusdaiki

As I mentioned before: "The Wall Street Crash of 1929, also known as the Crash of 1929, was one of the most devastating stock market crashes in American history. It consists of Black Thursday (October 24, 1929), the initial crash and Black Tuesday (October 29, 1929), the crash that caused general panic five days later. The crash marked the beginning of widespread and long-lasting consequences for the United States."

As you can see they already had Black Tuesday in October 29, 1929.

The fed cut the fed funds rate by 3/4 of a point, and they are saying that the fed might cut the fed funds rate another half point one week from now.

Talking about a TOTAL market PANIC!!!!!!

I was watching Treasury Secretary Paulson give his emergency market spin - he looked bad as he was giving his speech - he looked like someone who was ready to explode - He looked like he was in Panic mode himself.

Anyway, it will be an interesting day, and be prepared for all kinds of damage control.

The shit is about ready to hit the fan in New York....

.
More...
Before 1987 Black monday refeered to october 28 1929, so it wouldn't be the first time we get 2 different events with the same name...
 
You must log in or register to reply here.
Back
Top