Declines in Home Prices & Consumer Spending are GOOD THINGS

I read a great post today over at Behavior Gap (thanks to an email from J.D. @ Get Rich Slowly) that is definitely worth sharing: The Great Reset A recent New York Times headline read: “Consumers Increase Savings While Spending Less” That sounds like a GOOD thing doesn’t it? It used to be that savings […]

Stock Market Crash Historical Comparison Update

I thought it would be interesting to post an update on the stock market crash graph that I first posted back in October. In the chart below I have graphed the crashes of 1929, 1973, 1987, and 2001 alongside the current fall, with the peak points aligned near the left. Each crash is scaled on […]

Comparing Past Market Crashes

Since the stock market is all over the news again today, I thought it would be interesting to look at some past stock crashes and see how the current one compares. In the chart below I have graphed the crashes of 1929, 1973, 1987, and 2001 alongside the current fall, with the peak points aligned […]

Weekend Roundup: 1873, Hiring Freeze, Un-Sale…

Here’s a brief roundup of a bunch of noteworthy items that have popped into my inbox and RSS feeds in the last day or two. Aubrey Cohen: Current economic woes more like 1873 than 1929. “When commentators invoke 1929, I am dubious,” writes Scott Reynolds Nelson, a professor of history at the College of William […]

Party Like It’s 1929: Bailout Passes House

It’s official: Congress is not interested in addressing the underlying issues that caused this mess.  Instead, they would rather pour trillions of dollars we don’t have into a doomed attempt to maintain the broken status quo. I predict we’ll be repeating this whole routine in less than six months with a new bailout, after these […]