Word: greates
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...mention a few times the famous quote attributed to Mark Twain, "History doesn't repeat itself but it often rhymes." What period are we rhyming with now? Is this an echo of the Great Depression or is there something else that would be more...
...Great Depression started out with a stock market bubble that burst in 1929, as the world was going into a nice recession. Then the government started making mistakes. They passed the Smoot-Hawley tariff, they raised taxes, they became very protectionist, and the next thing you know we had the Great Depression. In Europe they made solvent banks take over insolvent banks with the result that both [kinds of] banks failed. This has all been done before. History is - I don't like saying it, but it's repeating itself. Governments are making the same old mistakes...
...than I'd realized. We could have a rally for who knows, six months, a year, we could have a rally for a while after having had the kind of collapse we did. In the '30s the stock market rallied frequently. But in the end it was still the Great Depression...
Sure. Some companies are going to be screaming "buy" these days. In the 1930s there were people who made fortunes. If you're willing and able to do the homework I'm sure you'll find some great opportunities. But the only area of the world economy I know of where the fundamentals are improving are commodities. Many farmers cannot get loans for fertilizer now. The inventories of food are the lowest they've been in decades. Nobody can get a loan to open a mine, so it's going to be at least 15 years before you're going...
...celebrating her graduation in advance, traveling on tickets that she bought on sale on the internet and could not return. But she wasn't complaining or afraid. "I am from Minneapolis-St. Paul, do you have any idea of the weather today? We arrived yesterday and this is great! Margaritas are fun and cheap. Nobody told us of any advisory. It must not be bad because my Mom has not tried to call me." Andy, 18, is also from St Paul and is very happy with Mexico, "Everybody thought we were crazy to come here with all the shootings...