Hey! Remember the 1929-1930 bull market?
You know, the one that followed the 1929 crash?
when the Dow Industrials soared by 48%?
from 198.69 on 11/13/29 to 294.07 on 4/17/30?
then proceeded to collapse by 86% to 41.22 by 7/8/32?
Good times.
Be careful out there. pic.twitter.com/PG5Te18QPX
— John P. Hussman (@hussmanjp) July 16, 2020
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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To donate via Stripe, click here.
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1934: gold standard. Today: print. Enough said.
Does that mean you don’t think another precipitous crash similar to what happened in 1930 can occur? Just wondering.
I think the market can get caught by surprising news but with all the Fed printing it’s looking like a slight overall dip for 6 months. The “V” itself was like what? A few weeks?
But the ratchet-down pattern of the 30’s isn’t going to happen as long as the Fed can just print away nominal dips in pricing.
Obviously, you’re just referring to financial market valuations and not inflation in cost of consumer goods? Or will the financial market absorb all that newly-printed money? Because I don’t know what to make of things. We have our usual doom & gloom articles here by guys trying to sell gold, but others I speak with who aren’t trying to sell me gold aren’t as concerned about inflation.
It is not even print. Why waste ink and special paper when just a few keystrokes and you have an extra TRILLION.
He may be right again someday, but he has been so wrong for so long that it’s hard to believe he still has any assets under management
But this time is different.