So in the case of the financial crisis, yes, what I knew about the depression and
about financial panics prior to the depression was actually very helpful conceptually for thinking about this panic.
Not exact matches
I'll continue to preface this post with my usual rant
about how important it is to ignore all the
financial panic that's being spewed by the mainstream... Read more
It was in Kindleberger's book that I also first learned
about the impact of the Franco - Prussian War of 1870 - 71 and the subsequent reparations payments on global
financial markets (which I discuss extensively in a February blog entry) and in unleashing the final stage of a global liquidity bubble that ended with the various
panics of 1873.
A couple of weeks ago I posted some information
about the «Great Depression of 1873 - 1896 ″ to make the point that there was no depression, great or otherwise, during this period, but that the period did contain some
financial crises /
panics.
And I would say that thinking
about the housing bubble before the
financial panic.
My reading of the episode is that the extraordinary
financial events of September and October 2008 — several large
financial failures, large - scale rescues of major institutions, enough incipient systemic concerns
about banking systems to lead governments to issue guarantees, investor
panic on share markets — were all observed in real time by households and businesses right around the world.
We've just
about had everything — from lipstick on a pig all the way to a full - on
financial panic, with two ongoing wars and the lingering effects of an oil - price shock playing in the background.
In the wake of the
financial panic in late 2008, most economies adopted fiscal stimulus packages of spending increases and tax cuts in keeping with Keynesian ideas (which I cautioned
about in my March 2009 column).
Mike's practice is falling apart, and stress
about the
financial security of his family is causing him to have
panic attacks with symptoms that resemble those of a heart attack.
Things get more tangled as the movie goes on: Based on Michael Lewis» rightly acclaimed book,
about the traders who foresaw a collapse in mortgages that would lead to a bank crisis and a nationwide
financial panic in 2008, the big - screen version is a film without an audience.
There is no need to
panic or stress
about your
financial future anymore, because we are here to help.
A good
financial planner will talk to you
about your plans and expectations both short and long term, and
about your risk tolerance (would a drop in value
panic you even if you know it's likely to recover and average out in the long run, that sort of thing), and
about how much time and effort you want to put into actively managing your portfolio.
You do not need to
panic about baggage loss, flight delays or cancellations or any unforeseen medical and
financial emergencies.
Yet Marks — who according to CNBC gained notoriety for his prescient calls
about both the dot - com bubble and the
financial panic of the late 2000s — took a decidedly negative tack in a new memo earlier this week.
These rumours caused much
panic and hiked up the selling volumes of Bitcoins as holders were having second thoughts
about it being a
financial safe haven.