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Archive for the 'Market Trends' Category

Comparing Depressions…Is there really any Comparison?

By: Malcolm H. Scott

“The Great Depression was, no doubt, depressing”

I thought I’d compile a few paragraphs to give us a glimpse of the past as the majority of us weren’t around back then. Thank God, because it sure wasn’t much fun.

As it turns out the Stock Market Crash of 1929 didn’t create the Great Depression,

it was just perhaps the last tick of the bomb that imploded the whole market and world economy. The SEC, The Security and Exchange Commission had not been created yet and the practices in the 20’s were operating in a rather less-than-ethical space. New Companies like General Motors, seemed to be making everyone rich, operators like Joseph Kennedy, (and a slew of others) were notorious for making the big bucks in questionable practices. Investment scams that inflated values of stocks ( that were eventually dumped by the scammers) and consequently, left the investor pools holding the proverbial bag. These were the scams of the day. Read the rest of this entry »