Photos: History of Economic Downturns

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  • Posted By: "Among These" @ 10/12/2008 2:11:20 PM

    What does the dotcom bubble and Enron have to do with the Great Depression? Someone made an editing error.

  • Posted By: "Among These" @ 10/12/2008 2:10:21 PM

    what does the dotcom bubble and enron have to do with the great depression? Someone made an editing error.

  • Posted By: phillygirl @ 10/12/2008 11:57:13 AM

    to careerdaytrader:
    you keep threatening to leave. Please do. Illiterate, bigoted, unintelligible and unintelligent rants such as yours are tiresome and nonconstructive. You have a right to your opinion and you have voiced it, now stop. To continue further would only further embarrass yourself.

  • Posted By: paul962 @ 10/12/2008 9:08:07 AM

    For a decent glimpse take a look at the 1871-1875 period....

  • Posted By: day_traders_are_nutty @ 10/10/2008 2:15:53 PM

    "So yeah I'm secretly happy you SONS OF *** are getting what you deserve".

    How is it a "secret" if you and your ignorant hands keep repeating it.. ?

    • Posted By: careerdaytrader @ 10/10/2008 4:35:47 PM

      Obviously I'm not going around publicly telling my friends and customers, most of which are middle class I'm happy they are losing everything. THUS THE TERM SECRET. Happy to educate you on the English language.

  • Posted By: 7dollars @ 10/10/2008 2:48:10 PM

    the south says:" hurrah for obama"...we love you, obama!

    you'll see the bush loving, republican south voting for obama 100%.

    hah,ha,ha.

  • Posted By: amazed49 @ 10/10/2008 2:16:55 PM

    This all did not just start yesterday folks. Your hero Ronald Regan started this when he started deregulating businesses (i.e. the people in the towers who guide the planes). Why do you think the Repulicans wanted our social security to be invested into the market???? They needed the money to prop up the sinking market. Don't think they didn't know. They may have started this mess and have no shame in passing it off. So just buckel up and hold on tight.

    • Posted By: bob24379 @ 10/10/2008 2:39:12 PM

      Do you people really not have anything better to do? Sarah Palin is not running for President she is running for Vice President. Why does everyone with John McCain dead? She may not have the most experience in a presidential election, but she is not running for President. Barack Obama is and he has no more experience (in fact less) than her. I guess you people agree with Sharon Osborn who made the "oh so incredibly intelligent" comment that Barack could have ran a major company or could have been a prominent attorney because he is "SO SMART" If he could have done those things why didn't he? If he is so smart why is he preaching all the policies that failed during the Carter administration? I thought this forum was for the informed and intelligent to post on. My mistake because all I have found here is total lack of knowledge.

  • Posted By: 7dollars @ 10/10/2008 2:35:09 PM

    bush and mc cain say: " invest in the stock market for your retirement.

    " the stock market is safe as america."

    ha,ha,ha. .....creeps!

  • Posted By: laplante @ 10/10/2008 2:14:02 PM

    SCREW THE REPUBLICANS AND MCCAIN (MCNUT) AND THAT IDIOT HE HAS AS HIS VP. IF AND WHEN MCNUT GOES TO THE GREAT BEYOND, CAN YOU HONESTLY WANT THAT IDIOT WOMEN RUNNING THE COUNTRY. SHE CAN'T EVEN TELL YOU WHAT MAGAZINES SHE READS OR SUPREME COURT RULINGS BESIDE ROE VS WADE.. ITS THE REPUBLICANS WHO ARE FOR CORPORATE AMERICA AND THE RICH OIL COMPANIES. IT MCNUT GETS IN, WE MAY AS WELL DROP THE BOMB - BECAUSE IT'S ALL OVER.

  • Posted By: careerdaytrader @ 10/10/2008 10:44:34 AM

    America NEEDS THIS CURRENT pain. Most American's spend too much, DO NOT SAVE, they borrowed from their home equity to have bigger cars and toys and they are dumb enough to think Barak can fix this economy by taxing the rich, the people that ALREADY pay 70% of taxes!

    I say let America burn. People need to lose their jobs, their savings, retirements, kids college funds, etc to WAKE UP and realize we can't keep borrowing from China and Saudi Arabia anymore and need to be self sufficient. If you can not AFFORD something you want then DO NOT BUY IT!

    American's are dumb and unfortunately I am one but luckily for me am smart and have been trading currencies and not stocks and have a thriving business. I'm going offshore the second Obama wins and will cut down on my American source of income and keep most of my wealth in Switzerland and in CHF currency.

    American's will get what they deserve, unemployment, losing their houses, cars, wives/husbands. Serves you A$$holes right for supporting a socialist like Obama and allowing the Democrat liberal policies to destroy America.

    I love America - It does NOT NEED CHANGED!

    • Posted By: rkymountain @ 10/10/2008 12:22:16 PM

      How dare you! You use the word Americans as a dirty word. Many of us have done nothing wrong. We save and scrimp, give when needed. Sometimes you get hit with an emergency like a year in a hospital due to
      some drunk driver and so on. You sound mean, greedy and vindictive, not to mention arragent. It was greed on the behalf of CEO's and lack of regulation in this nation that got us here. Yes some so call stupid
      Americans should know better then to spend more then they make,
      however some times that is the only way to get ahead, it just depends on what it is you are investing your money in. It is good someone tought you how to be with money. Not all of have someone share that with us. It also takes money to make money. So just where do you start? A$$ hole. I suggest you take your nasty attitude and you money and go now before you burn! For someone that is so smart you seriously have no idea on how to be a decent human being. I am having to suffer becaue of a political system that has devided this nation. Not to mention screwed it. Don't you dare stupid me, dam me and my family. Don't like it hear then Get the fudge out!

      • Posted By: careerdaytrader @ 10/10/2008 1:33:07 PM

        No you are suffering because YOUR NEIGHBORS took home equity loans and took out equity which is no longer there and are simply walking away. Your neighbors and maybe you bought homes you couldn't afford and now that they are worth 30 to 50% less than you mortgages are simply walking away.

        You can also blame mismanagement of Freddie and Fannie (100% to blame on Democrats) or ACORN and other community organizers suing banks to make them give loans to minorities and others who had little income and NO DOWN PAYMENT and had NO BUSINESS owning homes! (100% blame on Democrats for this).

        It is sad but I'm pissed off at America and feel that Karma is coming due to all the irresponsible people out there. For those of you who are poor or middle class YOU SUPPORT OBAMA and his policies of raping the rich who already pay 65% of the taxes. 40+% of people PAY NO TAX!!!

        So I'm happy that all you SOBs who support Obama and think "HE WON'T TAX ME, SCREW THE RICH" you are GETTING WHAT YOU DESERVE!!!

        America will go through 3 to 10 years of pain and slow economy and so many millions will have to suffer due to the excesses of a SMALL minority of people. And of course the moron Obama will make it worse which is even more KARMA for you MORONS who are voting for him.

        Meanwhile the rich will just setup bearer share corporations in offshore tax havens and shield some or all of their income to avoid DUMMY Obama's tax increases. And we'll move our assets to Swiss banks where 1/3 of the world's private wealth is stored. And we'll hire people in India and China who are smarter and work for 70 to 90% less!

        You stupid American's, you are getting what you deserve. Pain - And LOTS of it!

  • Posted By: dubldoc @ 10/10/2008 11:15:50 AM

    Careerdaytrader, "me am smart" (?)...."serves you..right for supporting a socialist like Obama..to destroy America"...

    HUH?? Your illiterate post, rather, Rant, is not grounded in reality.... while both parties share the blame, it is the continual march of mindless deregulation championed by the Rethugs (who have owned the LIONS SHARE of political and business power in this country for the past twenty five years BTW) that largely got us into this mess....we simply havent learned the lessons of the Great Depression, both personally and pollitical ideology wise.

    • Posted By: careerdaytrader @ 10/10/2008 1:27:15 PM

      Sorry Americans are to blame for this mess. People seeing their houses go up up up taking our home equity loans. People speculating in real estate and having little income getting more and more loans for second, third, etc houses. Minorities who had NO BUSINESS buying homes they couldn't afford getting loans with no income check and NOTHING DOWN.

      Then you add the deregulation, freddie and fannie mismanagement, ACORN suing banks to loan to minorities. The blame goes ALL AROUND but most of it falls on Democrat heads and the American people.

      I'm personally glad this is happening. Way too many people support Obama and his class warfare and they deserve what they get, unemployment, loss of their homes, etc. Karma at work!

  • Posted By: Trial50 @ 10/10/2008 12:12:39 PM

    here is a light-hearted (or realistic?) interpretation of what has been taking place on the stock market. This truly gives a new meaning to calling Wall Street a jungle!???

    http://www.sentences.org/stock-market-mentality/

  • Posted By: metoni @ 10/10/2008 12:12:30 PM

    Oct. 10, 2008 - 12:03 PM EST
    Stay On Message People- It is no longer about 'Color' "Experience" "Military Status" OR "Pals, past and present"

    If, as TeamPolitico suggested, Obama wants the campaigns to return to an Issue-Orientation and questions of Judgement and/or Leadership...Then which One Of These Two Has Asked "We The People" To Do ANYTHING?Leadership will ask the American consumer to take several actions in their personal lives to 'ease' the "Usury Crunch"

    #1 Pay-off and cut-up all but one credit card, live beneath your means, save that $ left (Credit-Unions are yet safe)

    #2 Stop paying the minimum payment trap to which you've grown accustomed, (YOU pay min. on Card #1 w/Card #3-)

    #3 Select your own 401K stocks based on New Product Manufacturing/ Invention, companies that MUST COME-BACK, Treasury Bonds, Gold, Green-Energy Companies, and/or US Corporate Structures that keep Jobs Here.

    #4 Cut Your Own Energy Costs (plenty of web-sites to help)

    #5 Approach YOUR MORTGAGE COMPANY 1st, don't wait for them to act, ask about a restructuring that safeguards your home from what the "Usury Market" does. Ask IRS what kind of Tax Relief you get for each item on the 'save-energy' list =(you'd be surprised how much $ you can save)

    Last BUT much more than Least, BUY AMERICAN MADE PRODUCTS!

  • Posted By: 4carol @ 10/10/2008 12:03:24 PM

    Yes, we are in a meltdown!! Can you just imagine if Mr. Bush had gotten his way to privitize Social Security??? Many people would already have lost everything!!!!! And for all of you wondering now how MCCain will pay for the items on his policy agenda, this is exactly how; and for those of you who have parents or grandparents who are on Medicare, he intends to cut it by 1.3 billion (yes, billion). Imagine just how that will effect our older people!!!!!!!!
    And this is the exact same policy John MCCain wants for the American people!! Those who say he sides with us and not with Wall Street, really are insane!!! He continually tries to falsely lead us down the wrong path, just like his predecesor, Mr. Bush himself!! Lie to America, they'll never know the difference, is their motto!!!!
    DON'T BE FOOLED!!!!!!!!!!!!!!!!!!!!

  • Posted By: nobama2008 @ 10/10/2008 12:03:07 PM

    Are pictures of people panicking what we really need right now?? What is wrong with you - you cause panic to make money. Please give people a break.

  • Posted By: Rich Monk @ 09/15/2008 3:07:58 PM

    Wall Street is the "Ponzi" scheme and it alays has been. No different than Las Vegas, Atlantic City or the Indian Reservations. All gamble and Greed.
    We are in a depression folks. This Government will use your tax money $500 Billion for the future to pay for this greed today! All the while the perpetraitors get away through Congressionally created loopholes.

    • Posted By: TheVigil @ 09/15/2008 7:18:51 PM

      No, there's plenty of legitimate stock investment going on. Wall Street's excesses are awful and always have been, but GENUINE stock trading and investment is a boon to the economy. Don't throw out the baby with the bath.

      • Posted By: Just Steve @ 09/17/2008 4:14:53 PM

        While I agree there is good with the bad, and the concept of shared ownership is a good thing... Imagine if you will, what would have happened if Social Security benefits had been privatized and sitting with Lehman, Merrill, Freddy or Fannie.

        • Posted By: kelligirl @ 10/10/2008 11:36:29 AM

          This is exactly why I have been against privatizing SS - it is safer the way it is. As for all of us who bought into the 40lK, that we must contribute for our retirement, we have lost and lost this time around, I think that back in 1987, 40lKs weren't even an issue --- this time, many of the $$ being lost are from all these 401Ks that we were urged to get into or lose out in retirement . I think the best thing now is to get in on the bottom or as close to the bottom you can and you will make up the $$, it will take longer, but it will come back & we have to get in when we think we are at the bottom. Then we can all participate in the upturn in the markets & be a part of it, instead of sitting on the sidelines & waiting. This is the nature of the market, as newcomers with our 401ks, we need to recoup, so buy low, buy soon & recovery will come (history is with me on this one)

      • Posted By: Just Steve @ 09/17/2008 4:17:04 PM

        While agree the concept of shared ownership is a grand thing, and owning stock is a solid capitalist ideal -- just think if Social Security was privatized right now and invested with Lehman, Merrill Lynch, Freddie or Fannie.

  • Posted By: DalGal @ 10/10/2008 11:18:53 AM

    A poster wrote ..."Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us."

    Good rhetoric but I'm hard pressed to understand exactly which laws were deregulated and how that has effected the current crisis. The only things I can find (on fact check) are the rules regarding Fannie and Freddie, which were opposed by Bary Frank.

    Perhaps the poster could enlighten me?

    DalGal

  • Posted By: cani77 @ 09/27/2008 8:11:05 AM

    n a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
    The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?


    The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.

    He believes people will vote against their own interests.

    Let's teach him we are smarter than that .

    Hold them accountable NOW! while it will still help.

    Elect Obama Biden 2008


  • Posted By: aledaythuday @ 09/24/2008 1:03:40 PM

    Why wasn't Germany's Weimar republic's hyper-inflation (with the result being the Nazi's and WWII) included in this list of economic crises? Those "hard-times" and subsequent event were hundreds, thousands of times worse than those listed here.

  • Posted By: frankiescoffee @ 09/22/2008 1:08:37 PM

    This is going to cause a Robin Hood Effect, why should us taxpayers bale out these rich - well off people? and they will remean in their houses and drive their fancy cars. I was raised with the belief "don't invest money you can't afford to lose" this is not fair and I don't think we should sit around blogging about this I think we ( I did so yesterday) should e-mail, call & write to our reps in DC, they are suppose to be working for us not wall street. Basically I'm mad as hell and not going to take it anymore. It's not doing a bit of good to use all these web sites as a bitch session it's time for us the people to be heard, like a song, I'm not a face in the crowd, you'll hear my voice when I shout out loud, it's time for us to scream and be heard.

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