1920s and the last 15-20 years have some shocking similarities
In reading about the 1920s, there are striking similarities between that period and the last 15 or 20 years regarding productivity gains, credit expansion, and the rise of the consumer culture – what should be looked back upon now as seminal developments that were predecessors to both the 1929 crash and the one in 2008. Read more
Greece entering its own great depression
Greece is “about to dive into a Great Depression”, according to emerging markets specialists at GLG Partners.
Karim Abdel-Motaal, managing director and co-manager of the company’s emerging markets investment program, says the demise of Greece means “the Eurozone is now going to come face to face with what it means to have a common currency area, but different agents in it”.
AdvertisementGreece came under fire from the European Commission last week in a report claiming the country had mis-stated its public finances.
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Pakistan Collapse May Bring a Global Great Depression and World War III
During 2009 the 2600 terrorist attacks resulted in the number of deaths soaring to more than 12,000 casualties in Pakistan, compared to the number killed in Iraq falling to 2,800 from the 2008 total of 5,900. The U.S. War in Afghanistan pushed the Taliban and Al-Qeeda over the border into Pakistan that has sparked an escalating insurgency and Pakistan’s own U.S. backed un-popular “War on Terror” which is going just as badly as that in Afghanistan, only without the deep Read more
Great Depression Black Friday
The Great Depression was one of the most devastating economic events in the history of the world, its effects spiraling out from the United States to effect many nations around the globe. It is no surprise, then, that many people would be interested in the days that led up to the Great Depression Black Friday which was a dark day, indeed.
All in all, there were several so-called black days that took place during the economic collapse other than Black Friday which was something of a final bell that chimed to the world that the end of the Roaring Twenties had arrived although they did not quite understand the implications of this at that time. Read more
Great Depression Brain Trusts
As one of the most tumultuous and widely destructive periods in history, the Great Depression stands alone as far as industrialized nations are concerned. It wreaked havoc not only in the United States, but the world as a whole. Since then President Herbert Hoover made headlines with his famous quotes that stated no one was starving and hobos were doing better than they ever had before did very little to win this man any favor. Read more
Dark Clouds Circling Small Business Owners
Small businesses are still suffering after 18 months of difficult times, said Don Mercer, Bank of the West’s national sales manager for SBA lending. He foresees a lot of demand for the government-backed loans meant for businesses that don’t qualify for conventional bank loans, but he doesn’t expect other small-business lending to be as robust. Read more

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