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bombcar 12 hours ago

Because we know of the '29 crash, the next one will always be different. Arguably the GFC was way worse, but way different.

MyHonestOpinon 12 hours ago | parent | next [-]

right. And because we know of the crashes of 2022, 2008, 2001, etc. the market is showing a lot more resiliency. Which is good, but it will take longer to have a correction. Which may be bad by itself.

Spooky23 12 hours ago | parent | next [-]

Stabilizing from those crashes were all about the injecting liquidity and faith and credit in the US Treasury. Hoover didn’t handle the events subsequent to 1929 well, but more out of ignorance than malice.

In 2026, the POTUS, his family and friends are looting the treasury with brazen acts of fraud. The government is buying losing futures contracts to manipulate oil and other markets, and “mysterious people” are buying securities before scheduled, secret events to profit from it.

The US assassinated the leaders of a hostile power after they essentially gave in to our demands.

We eliminated the governments experts in a variety of strategic topics including oil, and installed toadies to run the fiscal service that disburses government funds.

People are working on undermining the FDIC and decapitating social security.

So a crash now is really disturbing. Nobody can have the level of confidence in the faith and credit of the United States as we did in 2008. The people who understand the complex issues have been purged by the government, and the rest of the leadership is complicit in criminality and is counting on loyalty to secure pardons for later. So you should be anxious.

weakened_malloc 11 hours ago | parent | prev | next [-]

I definitely don't think it's a case of more market resiliency but rather a case of central banks willing to act much more aggressively to respond to these things. This is often what Ben Bernanke argues, given he wrote his thesis on the '29 crash, and how he handled the '08 crisis.

actionfromafar 10 hours ago | parent | prev [-]

Yes, Trump knows about the crashes of 2022, 2008, 2001, he will make good choices. :)

AnimalMuppet 9 hours ago | parent | prev [-]

How was the GFC worse? Not in unemployment rate. Not in losses to bank depositors, either. (As a kid, my mother lost money in a bank that went down in the Great Depression.) Not in business bankruptcies.

In what sense was the GFC worse?

fragmede 9 hours ago | parent [-]

It was worse because we bailed out the banks, because they were too big to fail, teaching them the lesson that they can do stupid shit and not really pay and consequences. There's no number on that to compare to a different situation, but thems the breaks.

AnimalMuppet 8 hours ago | parent [-]

In at least some of those cases, the shareholders got nothing. We bailed out the depositors.