Posted on 03/06/2009 9:24:14 PM PST by FocusNexus
So let me do the preachers of Armageddon one better. Today's stock market isn't just the “worst since the Great Depression,†like they're so fond of saying. No, it's even worse than the Great Depression.
Take a look at the chart, below. It shows the daily progress of the S&P 500 in terms of percentage change from the very top. The brown line is the change from the recent all-time highs on October 9, 2007. The blue line is the change from the all-time highs just before the Great Depression, September 6, 1929.
As of yesterday's close (Thursday, March 5), the S&P 500 has lost 56.4% from its all-time highs 513 days ago. At the same point in the bear market associated with the Great Depression, that is at the 513 day mark, the S&P 500 had only lost -- only! -- 49%.
(Excerpt) Read more at smartmoney.com ...
“Obama”s an idiot”
Don’t misunderestimate the enemy
Obama is a very gifted Marxist Revolutionary.He is very successfully pursuing the goals one would expect of him.
He bought some farmland for $50/acre; everyone thought he was crazy. He would NEVER put money anywhere near the Stock Market...it was always in CD's; spread around to many different banks.
Let's just say he didn't die poor...at all.
Talk about a B movie! Great movie and with Dominique Sanda!
Hey, look on the bright side—at least there will be bones to gnaw! Right? Right, Guys? Hey, where ya goin’?
Any mutant wimmen Laz?
Sound like a modern version of the conditions in the county of my birth after Sherman left it.
But, how can that be? I just heard 0bama on the radio the other day saying that he couldn't believe people were criticising the New Deal and saying it made things worse. He said he thought this matter was settled a long time ago. (And the New Deal was fantastic!!!111eleventyone!!!!1) \
Are you saying Dear Leader could be in error?
I'm saving leaves. Dems are spending money like it grows on trees...they must know something. That something is - the new currency is going to be leaves. That's also why inflation is predicted to start this spring. Also, think about it, blue states seem to overall have more temperate winters. Red states have harsher winters. It's a conspiracy because in winter blue states will still have access to money, while red staters will have to suffer.
I am a War Baby. Between your cohort and the Boomers. I heard the stories directly from my immigrant grandparents and my parents. My parents response was to take a Government job. That just never appealed to me and I seem to have inherited the traits of my Ukrainian grandmother who could always make something out of whatever was around and then find a way to make some money from it.
The following cohorts and their children will learn to avoid credit and to make things themselves. They will have no choice. They will wake up one morning with a work ethic they don’t even know exists today, because after even a year of this horror, they will have learned or died.
We will see innovations and discoveries come out of this just because desperation spurs creativity.
Some things are hardwired into humanity. It is how the race has survived every disaster, natural or man-made, since we began. Many won’t make it, that’s true, but those who do will be changed forever by the experience.
lol....Im not worried,Ive got my Power Armor and Big Boy.
The numbers need to be updated! It’s gotten way worse!
The giant scorpion scene was a hoot.
I find one to be quite sufficient:
Good Chart. The author is a flaming idiot. He still stands by his ridicule of the “scaremongers” while admitting they have been 100% right.
We are tracking the great depression and it looks like we will continue to do so and we probably would have even without Obama’s insane policies, which guarantee a deflationary depression. Like I said, the sheer volume of unproductive debt in the system probably guaranteed a repeat of the great depression even before Obama added to it.
People, while generally smart, act generally stupid. All they know is “what have you done for me lately”.
The good news is that the entire depression will be blamed on Obama and he will be a one-term wonder. The much better news is that the Democrats will also be blamed and will be sent home in droves in the next election. I’m not sure that will be enough to put in Republican majorities in the house and senate, but it is certainly possible. This would put the brakes on Obama’s socialism. He has two years to complete everything, before the wholesale slaughter to the house and senate Democrats puts the brakes on all his communist plans.
My view is simple...
In the short term all is not lost as the Democrats will be trounced over the next 4 years.
In the long term it likely lost, because the dumbed down nature of the electorate and the increasing numbers of people who vote for entitlements. Socialism is being embraced by the masses here.
That is how it ends and I don’t see that changing. The numbers of us who put freedom ahead of security are dwindling rapidly. We are no longer a moral, informed electorate yearning to be free.
The sheep are tripping over each other in their headlong race toward the doors of slaugterhouse.
Thats just great.
ping
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