Word: crashes
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Dates: during 2000-2009
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...Causes of the Crash Reading about the subprime loan debacle, I am amazed that nobody seems to have asked the simple question: What will happen if a large number of these loans default? [Oct. 20] Or was it only greed that made everybody turn a blind eye to the possibility that the bubble could ever burst. Did no one consider that if the subprime-mortgage market crashed, thousands of families could have their lives turned upside down virtually overnight? Frederik Steenbuch, Oslo...
...Jones Industrial Average quadrupled. At that time, it was the longest bull market ever recorded; some thought it would last forever. In the fall of 1929, economist Irving Fisher announced that "stock prices have reached what looks like a permanent plateau." (See pictures of the stock market crash...
...total, $25 billion - some $319 billion in today's dollars - was lost in the 1929 crash. Stocks continued to fall over subsequent weeks, finally bottoming out on November 13, 1929. The market recovered for a few months and then slid again, gliding swiftly and steadily with the rest of the country into the Great Depression. Companies incurred huge layoffs, unemployment skyrocketed, wages plummeted and the economy went into a tailspin. While World War II helped pull the country out of a Depression by the early 1940s, the stock market wouldn't recover to its pre-crash numbers until...
...Lovelace, who died at age 53 in 2002 after a car crash, later claimed she performed under duress, telling a 1986 Congressional committee that "virtually every time someone watches that movie, they're watching me being raped." (These claims were widely disputed.) But Damiano did his best to make his leading lady look good. He gave her an alliterative, movie-star name and devised costumes, lighting tricks and cagey camera angles to hide her abdominal scar, a memento from an earlier car wreck. Linda was no goddess, but neither was she your standard porno skank; she was slim and freckled...
Despite the speed of the oil boom, the price crash has jolted OPEC countries, which appear to have assumed that high prices were here to stay. Nigeria and Iran have both set their national budgets according to prices of about $80 a barrel, and Qatar's expectation has been $90 a barrel. "Producers very quickly got used to $100-plus prices," says Lee. "They thought of it as normal and justified. They seem to have very short memories...