Worst Stock Market Crashes Since The Great Depression: 24/7 Wall St

24/7 Wall St:

When 24/7 Wall St. compared each period of market downturn with national unemployment, gross domestic product and the consumer price index, we indeed found that seven of the eight largest bear markets matched the start of recessions, periods of high unemployment, or sharp inflation.

Read the whole story: 24/7 Wall St

Comments

[Pennstategirl]

11:39 AM on 08/15/2011

I refuse to believe that the Congress is as out of touch as they seem. Continue this behavior at your peril. Is anyone working on a jobs bill? How about reviving the Civilian Conservation Corp of the 30's? It's jobs, stupid. Make some or get out of the way for someone who can.

[WryAwry]

08:53 AM on 08/15/2011

"... I'm gonna stand down by the door,
and watch the grey men as they dive from the fourteenth floor ..."

[mhtowe64]

07:14 AM on 08/15/2011

Thank you President Obama

[hairydodger]

03:46 AM on 08/15/2011

You can't trust or believe any newspaper owned by Ropert Murdoch. If you subscribe to the WSJ and have a high net worth you should consider changing your cell phone number.

[cbwHouston]

02:47 AM on 08/15/2011

Economists have recently offered more clarity on the late autumn 2008 financial market crash: "It was much worse than even they had initially suspected!"

And that only recently disclosed omission is the rationale for not only many economist underestimating Middle America's "Misery Index," but it also underscores why The White House didn't meet it's estimated stimulus-produced job creation gains estimated to drop the unemployment rate to around 8.3%.

However, watching CNN's Fareed Zakaria... CNN GPS and Times Magazine contributor, interviewed on PBS Charlie Rose Show, he outlined a few of the causes of America's only marginally improving employment gains:

1. Globalization
2. Technological advancements [automation] which causes companies to be much more productive.
3. The overall degradation of the educational skills of the American workforce.
4. Huge deleveraging taking place in corporate America... yet shell-shocked from 2008, which makes them less risk-seeking employment wise, or more risk averse.

Unlike consumers, corporations and small business aren't sitting on $2-trillion dollars because of the much taunted issue of "uncertainty" [were that the case Americans would yet be riding in horse and carriages instead of cars], no it's because of plain old fashioned "supply & demand."

When consumers stop spending, corporations start hoarding cash-on-hand and profits, and the right-wing Tea Party Republicans controlling the House of Representatives in Congress blocks government spending, how does the unemployment number somehow precipitously... magically, plummets from 9.2%?

[Milo40]

12:52 AM on 08/15/2011

"Stop It B!"

very bad language warning
http://www.youtube.com/watch?feature=player_embedded&v=tRmZ9zH-mYM

[Stretchumall]

12:24 AM on 08/15/2011

Could you imagin where we would be today if not for social safety nets like social security and medicaid?
How good are you righties at stepping over d_e_ad bodies?

[Chucktheman]

12:03 AM on 08/15/2011

People say worst ever, bla bla bla great depression bla bla, then you look at the numbers and they are still better than they were when Bush left office. Hype and Bsabound.

[ca va pas non]

12:19 AM on 08/15/2011

Depends what numbers you're looking at.

[Milo40]

12:55 AM on 08/15/2011

Which numbers are you looking at?

[knotsofast]

04:22 AM on 08/15/2011

How about unemployment numbers!

[Chopin]

11:20 PM on 08/14/2011

"seven of the eight largest bear markets matched the start of recessions, periods of high unemployment, or sharp inflation."

The looming financial and economic catastrophe (no hyperbole) in the US and Europe and elsewhere, shows the high potential of all three near simultaneously hitting the US first, and spreading globally from this epicenter. The coming accelerated recession won't be "double dip" but fullblown depression, accompanied by exploding unemployment and followed soon by hyperinflation (German WeimarRepublic style 1920's).

Lastweek's stockmarket drop was preview of sharper + sustained bearmarket plunge for months, until it reaches below 50%. Dow@5600, SP500@680. If lastweek's preview turns into fullblown panic, WATCHOUT October2011.

What factors make it likely the biggest and baddest of them all?
Many factors, first it's continuation of previous waves of increasing sizes and global reach of WallStreet centered credit bubbles building over past 30years. First balloon pop was "dot.coms" in 1990, followed by bigger realestate mortgage balloon pop in 2008 (bigbanksters bailout cost $750Billion, first instalment). Next balloon hellofapop would be over USDollar and global paper currencies (and bonds). When they pop in global panic, only gold would be left standing. Incredulous? Start read WallStreetJournal Wednesday August3 2011 pageC3 halfpage article in "Global Finance" section article entitled "Central Banks Join Rush to Gold". Check it yourself.

Obama would preside over hoovervilles all across US. Seeds of American imperial demise have been sewn, and would ripen in OPPORTUNITY for genuine fundamental social revolution + political restructuring. Beyond that, the future is unpredictable.

[entitled me]

11:12 PM on 08/14/2011

Last Autumn, President Obama proudly said that it was now his economy. OOPS!

[Rosalee Harris]

11:00 PM on 08/14/2011

It came about when we had the most ineffective congress ever thanks to an influx of Tea party folks. Thanks to Palin the I di ots have escaped the village.

[grizzly bear55]

08:10 PM on 08/14/2011

After the Tparty and the republicans almost took the US down to the status of a third world country, no wonder the stock market is in the dumpster.

[entitled me]

11:16 PM on 08/14/2011

With a Democrat President, Democrat Senate, and a Democratic house for 2 years, you still blame the Republicans, that dog don't hunt!

[Chucktheman]

12:08 AM on 08/15/2011

We are still doing better than when Bush left office. The rock bottom stock market during Obama is higher than when Bush left. Yes I blame the Republicans.  It takes more than 2 years to fix things. The pubs didnt pay their tab and now they want to stiff everyone on the bill, China finances the wealthy and the republicans get us down graded. Never loan money to a republican, they have gone on record as wanting to default on loans.

[jsgaetano]

08:05 PM on 08/14/2011

The far right's fingerprints are all over every Great Depression and every market crash in US history.

[Chucktheman]

12:10 AM on 08/15/2011

That is a fact backed by history and the test of time.

[Captain Feeney]

07:37 PM on 08/14/2011

Willing to redistribute the wealth the old fashioned way.

[ttowse]

07:34 PM on 08/14/2011

We have been in a depression but no one wants to take responsibility for getting us back on the right track. Define the problem so we can solve it and prosecute the Wall Street CEO's as soon as possible. Someone should be in prison by now.

[entitled me]

11:17 PM on 08/14/2011

Start with Barney Frank for the housing crisis!

[knotsofast]

04:25 AM on 08/15/2011

Exactly...the scourge of liberalism gutted this country. Emptied the banks and send a economic A-bomb up through the financial system. Obamacare = no hiring.