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21:05
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Originally posted by petg
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The situation is much worse than 2008, when major economies had dollar resources in reserve. Those countries like China and Japan have spent down much of their reserves. Thus, it won’t just be the US or Europe that suffers from the next wave of market insolvency: This time the entire world is going to be relatively helpless. There are not going to be patches of prosperity as in 2008.1901-1902 - 46% U.S. Stock market value wiped out.1916-1917 - 40% U.S. Stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world's greatest empire was almost bankrupt. The beginning of American to rise to world power.1930-1931 - 86% U.S stock market value wiped out in the worst financial crisis in modern history.1937-1938 - 50% U.S. Stock market value wiped out. Global recession.1944-1945 - End of German Reich and Britain's hold on territories. Establishment of America as the world's super power.1965-1966 - 23% stock market value wiped out.1972-1973 - 48% U.S. Stock market value wiped out. Global recession. U.S.1979-1980 - U.S. and global recession.1986-1987 - 33% U.S. Stock market value wiped out.1993-1994 - Bond market crash.2000-2001 - 37% U.S. stock market value wiped out. 9/11 and Global recession.2007-2008 - 50% U.S. Stock market value wiped out. Global recession.2015-2016 - ??Anyone can fight these face as much as they like, facts are facts.
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If recoveries don't last more than seven years at the outside why are there plenty of gaps in your list over 7 years. Why is 2015 or 2016 listed. Did we have a disaster last year that I missed? Or this year?
