Crash of 1929 vs. Today

That is interesting. Now we'll have to see if this is true bottom or not for this cycle. Remember we had QE this time and now possibly QE2.

A whole series of cooking videos. Not necessarily financial related, but some folks may have to tighten the belt as we enter really tough times. It's good to know how things were done in the old days. I've ordered a hand crank juicer, but I think I'll also order a hand crank flour mill and coffee grinder. Good options if there isn't any power available.

.

Did you noticed that the same day you start this thread it's the day the bottom was established, and a new cycle has began, and we are currently in a bull cycle that is developing and which will last....

I'm just posting because I found interested that you did forecast the bottom, even without notice

I was just reading some papers regarding the market crash and was staring at the following chart:

all the best!

thats why i think trading beats investing

you get in you cash in you get out

I think we are now again at a major top.

Even if the SPY makes another high tomorrow around 1325-1330, we will go south for years to come.

http://bigcharts.marketwatch.com/cha...749&mocktick=1

The economy is fake.

Think about what's happening in the real world. A depression happens and there is wide spread poverty as a result. Did people suddenly become lazy and unwilling to work? Is there less oil in the ground as a result of the crash? Is there less fish in the sea, is the ground less productive, is there less land available than before? Nope.


All that is really happening is the rules of the game are preventing people from doing the things that they actually want to do, i.e. open businesses and work in productive employment - when the rules are preventing this from happening the rules need to be changed. The debt is just numbers, it's all fiction and all fake, if the systems breaks they just need to change the rules. The debt only means something while the world chooses to make it mean something.


I think the current economic system is screwed in the long-term. It is based on exponential economic growth in an economy being driven by cheap energy. World oil production has probably peaked and as energy becomes more expensive economies will have to slow down. So without exponential growth the whole thing is screwed. What will we do when that happens, let millions starve and countries fall to bits? Well we might do that to start with, but eventually we'll just say OK, different game now, with different rules.

If you owed me money I could force you to pay it by threatening to make you bankrupt and take everything you own if you didn't pay. But I could only do this because someone would enforce this for me. If the US told China their debt was a joke and they were just going to print the money for them and then start again with a different currency or whatever, then there is nothing they could do about it.


One thought though. Japan, probably the most developed country on earth, hasn't had any real economic growth for a couple of decades now. Could it just be that once a country is super developed it's economy can't keep growing exponentially. Japan is an over crowed island with very little natural resources, there must be a limit on what they can consume. The growth is happening in under developed nations places like India and China now. The current system of constant exponential grow is useful for helping countries to develop, after that I'm not sure it is useful.

Depression??????????
we are in 2012, and things are getting better and better!!!!!

I would love to know what happened to Merlin, I remember reading an article somewhere of the Mystery of Merlin, is he still alive, is he the owner of the Forex Factory. When I joined FF in 2004 he was very active on the forum.

My personal bet that he is the owner of the Forex Factory.

Hey man did you receive any news from him or find something out?