Monday Open Thread: ‘Black Tuesday’ Edition
by PubliusToday, in 1929, was ‘Black Tuesday’, the first in a series of trading days known collectively as ‘The Great Crash of 1929.’ Although not technically correct, the Crash is popularly known as the start of the Great Depression. Seems more ominous these days.
Email this to a friend | Print |
Share on Facebook
| Tweet this
| 
Follow Us on Twitter
Subscribe via RSS
Got a Tip?
47 Comments
Never mind the Depression: Emperor Hussein Obamugabe's election years ago will forever be "black Tuesday" in American history, for it portended the nation's acceleration into the long, dark night of Socialism.
Each day, more Barack-racy keeping small businesses from getting a solid enough foot to start hiring, more Barack-racy taxing away the profit margins of larger businesses, more Barack-racy throwing money at loser green ventures, more Barack-racy holding back production of coal and fuel to keep a country this size moving… I'm considering that we still have down to go from here- and a large climb to get the country back to great again.
Obama opened his mouth again Friday, and though it wasn't about finances (well ok, he did say we spent a bil on Libya {Lybia for all you Obama worshipers out there} and intend on throwing more to that cesspool) I figure the Dow should drop 300 points today. Barack and I have this system worked out (he just doesn't know about it yet) Every time he opens his mouth the stock market drops. When he keeps it shut, it rises. Open mouth- Sell. Closed mouth- Buy. Day traders, are you paying attention?
Now every Tuesday is black Tuesday, as long as we have Obama.
"Collectively" is your first hint…
I think that every day that Obama still resides at the WH is a black day for this country!!!
Thank you Ron Paul for proposing to do away with the Government Student Loans racket. It has enriched the fat cat educrats and enslaved millions with onerous debt.
Recently, a smart pundit, whose name escapes us now, proposed basing the dollar on a mix of Gold, Oil, and Wheat, or something like that; it would good to know what the candidates for 2012 thought of that proposal.
And Moo. What an example. If everyone could focus we could get him out with Fast and Furious. But do we want Biden as Prez? Maybe, because he's clueless.
The overall character of the nation has changed since the Great Depression. Between cultural breakdown of family and religion, entitlement dependencies, and routine class warfare rhetoric from highest political leaders, the nation is in a more precarious state to withstand whatever crises come our way. OWS is a symptom of this.
BofA made an ominous prediction. I have no idea how credible it is, but we are at risk that some day in the near future, something unexpected will trigger an interest rate spike, interest payments on our enormous debt will balloon as a result, and a federal funding crisis will follow.
The Fed caused the great depression, though I'm sure Fed Fan Cain would disagree.
Some of Obama's televised addresses remind me of scenes in that Jim Carrey movie, "Fun with Dick and Jane", where the tv news stations juxtapose real-time stock market charts, plunging, as the hapless character makes a series of unfortunate televised remarks.
Indeed. These four years should be written down in the history books as America's flirtation with National Socialism.
I agree with what you say about the Fed….but Cain DID NOT start that problem!!!
He didn't start the problem, but Cain and his Fed Friends are part of the problem now.
Black Tue and the Great Depression… the beginning of a different lifestyle for a great number in the USA..
They learned real quick to live by the saying, "Use it up, wear it out, make it do, or do without".
As we embark on just one more day in paradise… don'cha think?
.
And what about "Fed Fed Obama"
Jesus Christ isn't running so take your pick.
Come on Ya'll, don't you remember, the Recession is OVER!! We just need to believe what Washington tell us!…and where the hell are the auto unions on all the outsourcing to Findland…I suppose Trumpka was happy about that as long as he gets a seat at the table.
We are falling into a "black decade". Even if a conservative can get into the presidency the damage done is immeasurable. It will be a long hard climb back to the America we once knew.
Black Tuesday has been replaced by; America fades to dark days. GFY Barak
As someone only one generation removed from the Great Depression and whose parents and grandparents lived through those times all I can think is what is coming our way will make that era look like the good old days by comparison. At least the people back then had strong families and communities that they could rely on if needed. With the breakdown of the family and the divisiveness in society today it will quickly devolve into "survival of the fittest" when it comes – and it is coming.
Yep.
So let's load a truck up with corn cobs and send them to "Occupy". (And be sure to send instructions in the proper use or they might end up some of them where they are really not supposed to be.)
It's time for them to really get a taste of the way we were.
I think Cain is the only Republican running that is trusting of and unsympathetic towards a Fed audit.
We all know who led the charge against the Fed, but almost everyone else seems to support a full audit now.
What caused the great depression?
Watch the hilarious 7 minute video "Fear the Boom and Bust" featuring rapping actors portraying Keynes and Hayek http://www.youtube.com/watch?v=d0nERTFo-Sk
"In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it."
"Use it up, wear it out, make it do, or do without".
Uh-huh. My grandparents lived through the Depression. Even decades after, into their old age, the experience made them careful about how they saved and spent their money, and habitually avoiding waste. I am grateful they passed on at least enough of that to me to help keep me out of trouble (so far) in these crazy times.
This is true. I'm afraid there are a number of difficult and tumultous years ahead of us yet, even after Obama. I don't envy the next president. Doing the right thing for the long term will be rewarded by many in the short term with only bitterness and blame. This is why I believe it's all the more important to find a candidate whose character and principles are more than a poll-tested facade that will crumble under the stress.
Will he be known as the biracial FDR?
Same with Monday, Wednesday, Thursday, Friday, Saturday, and Sunday till this administration is gone.
Your lucky, cause now they want to tax inheritance at 50%. How stupid is that, a person works very hard all their life to pass on to their relatives the fruits of their labors only to have the government take 50% of it, even though during the entire time amassing this taxes were paid too! When will it ever be enough for this hungry federal government?
Sigfan, Sadly I agree with you. People have become so dependent on "someone" else they have no clue how to help themselves; unless it's to someone else stuff then they don't hesitate.
The stock market is so overvalued right now, it's pitiful! Just like the housing bubble, which was blown up by the psychological factors associated with the housing market, the stock market is similarly blown up right now. It's actually pretty amazing that it has remained as high as it is, but that's due to big money being pumped in to keep it up there, hoping that economic conditions would change to justify it. Those changes just aren't going to happen any time soon, if ever, so for all of you playing the market now, or who are heavily invested; beware!
You almost have to believe the humongous increase in the national debt under Obama has been an intentional effort to cause irreparable harm to the U.S., because nobody could be that stupid, right?
The US Govt., Media, and Education has been infiltrated via the Democrat Party by America's Worst Enemies…including the Democrat Party. Time to flush and purge the system. Drain the waste into the sea…
The inefficiency and wastefulness is bad enough. Then you add in the fact that the pols reaching into our pockets actually believe the fruits of our labors belongs to them, but they generously allow us to keep a diminishing fraction. Meanwhile, they accumulate wealth from corrupt dealings with cronies, and live in privilege and luxury, financed by the labors of the public they supposedly serve.
They are the 1%.
LOL, a truck-load of corncobs is worth around a grand right now, so I'll be keeping mine to sell to
cattle feeders to be ground and fed. As far as something for those occupiers to wipe with, the NYTimes
seems appropriate IMO.
This is actually something that occurred to me recently. I remember Rush mentioning o-HOLE's
statement to the bankers that he was the only thing standing between them and the folks wield-
ing pitchforks. Lying dormant in the recesses of my noggin' a tiny idea began circulating, mostly
because of the attitudes of the Elite Ruling Class' (Boehner & Co) toward WE THE TEA. The "evil banker" is the decoy being put forth by those entrenched crooked pols in DC, to sate our thirst for blood.
Every time WE THE PEOPLE get serious about lifting the rug to clean under it, the DC pols scream,
LOOK OVER THERE, A
SQUIRRELBANKER!!!.
Of course Tyrant is correct. But dont tell the neocons and statists of this site that.
Yes, but it can't be called "Black" Friday because the raysists will scream. I suggest Red Friday. Blood and Communism.
I can attest that I've thought that for quite some time. It should be back around the level that it crashed to in March of 2009 (when it plummeted to a low around 6,630). That's where it's true value is and the economy hasn't really gotten any better since then.
With the markets holding about where they are, it's as if we have suffered nothing but a mild recession. In April of this year, the markets had neared almost 13,000 erasing entirely the losses from before the passing of TARP in the fall of 2008 and even making nice gains. We are almost exactly where the markets were prior to the election of Obama in the fall of 2008.
Does anyone thing that things truly are even that good? Really?
Off topic: Stunning accusations that a top California Democratic campaign treasurer looted the war chests of her big-name clients have left candidates across the state scrambling to raise more money as election season looms. http://www.reuters.com/article/2011/10/22/us-camp...
"The time is near at hand which must determine whether Americans are to be free men or slaves."
George Washington
My grandmother was the same. I wish I had followed her example. Of course, now I am, because bad decisions eventually catch up with you. I am ever more appreciative of living that kind of life – the best way to make it through.
You know, I've been wondering about this as well. I mean, there were some bad days when it would dip hundreds of points, but it's still pretty high. Sounds to me like you and NYResident are correct – something is propping it up. Which only means that at some point, there will be no prop. The bubble will burst and then we'll really see the suffering. I have a feeling we'll be wishing it was The Great Depression when it's all said and done.
I'm right there with you.
I'm curious how the bankers feel right now, after sending all that influence money to Dem pols, who reciprocate by placing a big red bullseye target on the backs of the bankers. No honor among thieves.
Bankers are just bookies with college degrees. They play both sides of the bet to try and
guarantee their chances of getting in on the goodies. Rather than worry about their loyalty
to one side or the other, I choose to USE them as I am able and try not to worry too much
about their fate. Like a cat, they seem to always land on their feet.
.
Your site is good Actually, i have seen your post and That was very informative and very helpfull for me. Thanks for posting Really Such Things. I should recommend your site to my friends. CheersJ
1y1-a19 tests
1z0-047 answers
1z0-050 exams
1z0-051 tests
1z0-052 practice exam
1z0-053 questions
1z0-054 practice test
220-701 exams
Your site is good Actually, i have seen your post and That was very informative and very helpfull for me. Thanks for posting Really Such Things. I should recommend your site to my friends. Cheers
642-359 exams
642-374 tests
642-384 answers
642-415 questions
642-427 practice test
642-437 answers
642-447 exams
642-457 tests
This actually is a regime due to the fact that they are ruling by decree.
I'm sure of it.
In all honesty, I tell people that I wouldn't hold anything that is paper. Not any currency, except for simple day-to-day transactions. Not bonds, issued by any corporation or government. Not stocks issued by anyone.
I'm not a financial expert or anything like that. Just observations. The best bets, I think are hard assets (commodities) and land without improvements on them (I know, the deed is paper but that can't really be helped too much except for laminating it).
You must be logged in to post a comment.