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…
Tag: recession
More Good List-Based “News” from Forbes
The constant stream of lists from Forbes provides a great distraction and source of amusement. Their latest list is no exception. Behold the ten “Best Cities To Ride Out The Recession”: Austin, TX Oklahoma City, OK Honolulu, HI Portland, OR Tulsa, OK Virginia Beach, VA Seattle, WA Baltimore, MD Boston, MA Lancaster, PA From the…
Poll: Which is Most Likely for the Economy?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 10.18.2008.
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…