Originally posted by BrilloPad
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Previously on "Slowdown nowhere near great depression levels"
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Originally posted by DimPrawn View PostYeah, IMF reckons you are correct. Not!
http://www.telegraph.co.uk/finance/e...IMF-warns.html
The world is now in the grip of the "great recesssion" and global economic growth could dip below zero for the first time in sixty years, said Dominique Strauss-Kahn, the head of the IMF.
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Originally posted by Foxy Moron View PostFrom Reuters
The current bear market in US: peak-to-trough Dow Jones Industrials is down
53.4 percent in 73 weeks. According to analysts at Bank of America/Merrill Lynch Research, this bear
market is already the second-largest since 1930s. But both the 1973-74 and
2000-02 bear markets were longer. The Dow Jones would need to fall 77 percent over the next 76 weeks to match
the magnitude and duration of 1929-32 Great Depression era losses, they said in
a research note.
http://www.telegraph.co.uk/finance/e...IMF-warns.html
The world is now in the grip of the "great recesssion" and global economic growth could dip below zero for the first time in sixty years, said Dominique Strauss-Kahn, the head of the IMF.
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Originally posted by PM-Junkie View PostThe Big Bad Brown Banking Bugger-up surely?
The Depression of the 6B's.
Oh yeah, Blair,
The Big Bad Brown Bush Blair Banking Bugger-up.
So it's the The Depression of the 7 B's.
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Originally posted by BrilloPad View PostI thought that was the 1970s when they decided to lend to sovereign states as they could not go bust......
Will banks ever stop buggering it all up?
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Originally posted by BrilloPad View PostOdd that pre 1930 the great depression was something from late 19th century. Which was then renamed the long depression.
If we do have a depression we need a catchy name for it.....
There is precedent: "The War of Jenkin's Ear", for example.
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Originally posted by BrilloPad View PostIf we do have a depression we need a catchy name for it.....
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