03.12.2020 03:09 PM

The stock markets have crashed

Forget a global recession. A depression may be imminent.


  1. Ronald O'Dowd says:

    Absolutely. The first to go bust (again) will be the American banks. History is rhyming.

  2. PJH says:

    My parents(both children of the Depression..”the Dirty Thirties”) always claimed there would be another one. I never thought I’d see it in my lifetime, but perhaps their prognostication is coming true.
    Sadly, it was war that pulled us out of the last one.

  3. Angel Martin says:

    2020-2025 Depression ? Could be. I’ve been expecting it for quite a few years to start in the 2017-19 timeframe.

    One irony of Trump’s announcement today, and the market reaction. Politicians (not just Trump) have been delaying and putting off restrictions and closures in order to avoid hurting the economy and sending markets down.

    But Trump announced a national emergency and markets surged up. Because we are at a point now where strong restrictive action helps the stock market rather than hurts.

  4. Paul says:

    DJ up by almost 2,000, TSE up 8%.
    Welcome to the “new normal”, for next while.

  5. Ronald O'Dowd says:

    Most people know zip about short-term rallies in a bear market. That’s what’s playing out now: one or two day wonders, followed by the predictable medium-term nosedives. It’s likely nose bleeds for at least the next two years, at minimum.

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