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[New-born baby]

Quote:
Originally Posted by IIC
Besides housing...What is falling in price?





Maybe I buy the wrong stuff...But gas, beer and cigarettes are pretty high priced this year compared to just 3 weeks ago.

I thought you were talking about the market . . . . other than that and the church offerings, everything else is going up.

[jae16]

While there are many theories about why the Depression occured back in the late 20's early 30's and on, one of the primary reasons was due to the fact that there was not a high level of banking regulation... and there was a huge number of bank failures...

There is now government regulation that prevents this type of event from occuring... Something like that would need an event much larger than what is occuring now to happen again...

Just my 2 cents...

[IIC]

I thought you were talking about the market . . . . other than that and the church offerings, everything else is going up.

Oop's...that one flew by me

[IIC]

While there are many theories about why the Depression occured back in the late 20's early 30's and on, one of the primary reasons was due to the fact that there was not a high level of banking regulation... and there was a huge number of bank failures...

There is now government regulation that prevents this type of event from occuring... Something like that would need an event much larger than what is occuring now to happen again...

Just my 2 cents...

True to a point...The events leading up to the depression led to the formation of the SEC too; e.g. Painting the Tape...

But be aware...there are just as many or more crooks out there now as there were then...And maybe the internet makes their scams seem more technical...But they still do the same stuff...And remember...You only hear about the ones who get caught

[New-born baby]

True to a point...The events leading up to the depression led to the formation of the SEC too; e.g. Painting the Tape...

But be aware...there are just as many or more crooks out there now as there were then...And maybe the internet makes their scams seem more technical...But they still do the same stuff...And remember...You only hear about the ones who get caught

Very true, Doug. And the real causes of the depression were:
1. Too much easy credit (like we've just experienced), and
2. Over production (ie, too much stuff, so demand dropped--just like right now we have too many houses, everyone has 4 cars, 9 TVs, and 6 computers), and it was exacerbated by
3. Natural disasters (in their case, the dust bowl 30's, in ours, Katrina and 9/11).

[altria89]

How much worse can this get for Citigroup as they have now announced the dividends cuts as well, which was expected. Now the expected layoffs of 4,000+. Under 27 now.

[New-born baby]

How much worse can this get for Citigroup as they have now announced the dividends cuts as well, which was expected. Now the expected layoffs of 4,000+. Under 27 now.

C to $22, imho. Oh, they are not through announcing losses yet, either. There is more to come from C.