When the market reaches seemingly inexorable highs...everyone rejoices, however this is not necessarily a good thing.
http://www.lowrisk.com/crash/happened.htm
follow this link and give me your reactions
P.s.
1923-29 President was Calvin Coolidge
1981-89 "" "" Ronald Reagan
2000-present "" "" G.W. Bush
ALL REPUBLICAN PRESIDENTS
2006-10-19 09:47:31 · 6 answers · asked by Katie 4 in Politics & Government ➔ Politics
Turboweeg..: I wasn' trying to prove a point as much as I wanted to hear reactions from others....
I personally am of the opinion that the undeniable similarities between the administrations in office, the fact that it is the LATTER part of there tenure, and the fact that the markets reached record highs just before they crashed seemed eerily parallel. That and the market has reached these highs at the expense of the middle and lower class which means that they (Corporate/Wealthy) are most likely using margin loans to try to double their money. Which is dangerous if it doesn't pan out.
And the crash of '87 was no means a mini crash --it just, thankfully, recovered much faster than the previous one.
2006-10-19 10:38:45 · update #1
Many economic experts have predicted our economy will not continue along the same path for much longer.
2006-10-19 09:50:41 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Actually, Herbert Hoover was president by the time of the '29 crash. But he was a Republican, too.
I think the Dow can continue to rise just as long as we keep pumping borrowed money into the economy. It will come crashing down on our children and grandchildren.
And Ah Ha just lied to you, too. Nobody know WHAT the Dow will do. If it could be predicted so easily, why wouldn't we all be rich?
2006-10-19 17:12:58 · answer #2 · answered by Chredon 5 · 0⤊ 0⤋
In 1929, the NY stock market was regulated by the state, not the federal government. That would be.... FDR, governor of NY!
Reagan, his tax cuts and deregulation were followed by a huge expansion of the economy, especially after the moribund stagnancy he inherited. So there was a mini-crash - it did not affect the long term gains of the economy. Clinton benefitted greatly from the magnificent economy he inherited.
GWBush inherited the recession caused by the dot.com bubble bursting, which was followed by the economic shock of 9/11. Without the tax cuts, who knows how long the economy would have remained down?
Learn from mistakes? Nobody learns from mistakes. I can cite dozens of liberal / Democrat / leftist policies that have failed in the real world time and time again, yet they keep pushing them. What's your point?
2006-10-19 17:07:54 · answer #3 · answered by Anonymous · 1⤊ 0⤋
When the present President step down - we see, if somebody can uncover what is behind the politic and who become more rich./30 years from today or never/.
2006-10-19 16:53:57 · answer #4 · answered by Toto 6 · 0⤊ 0⤋
Steve J just lied to you. The dow is expected to keep soaring!
2006-10-19 17:00:38 · answer #5 · answered by Ah Ha 4 · 0⤊ 2⤋
Because we continue to commit more mistakes and dont look at them seriously to know that a mistake has been committed.
2006-10-19 16:57:04 · answer #6 · answered by khayum p 6 · 1⤊ 0⤋