Word: crashes
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...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...
...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...
...extra 5% you lose an extra $10 or $15 billion. All the metrics have the effect of underestimating the impact of the possibility of very large deviations. In other words it tells you how uncomfortable the plane ride is going to be, but tells you nothing about the crash...
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...
...have been that surprised. Marx knew the power of cataclysmic financial events to shake the world’s faith in neo-liberal doctrine. In the wake of the 1857 stock market panic, Marx wrote to his friend and co-author Friedrich Engels, “The American Crash is a delight to behold and it’s far from over.” Yet that downturn—along with all of the other shocks and recessions that have periodically plagued American economic history—ultimately failed to break the proletariat from its chains...