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Economic decline faster than first year of great depression

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posted on Apr, 8 2009 @ 02:48 AM
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Pretty ugly stuff; the charts show a much steeper downdraft than the great depression:

www.nakedcapitalism.com...

Policy this time around seems to be better, so there could be cause for hope. The picture outside the US is much worse than that in the US, for the most part.

Ouch.




posted on Apr, 8 2009 @ 08:55 AM
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Thanks a lot for the link.... that is a pretty dismal picture being painted!!



posted on Apr, 8 2009 @ 09:00 AM
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reply to post by silent thunder
 


While our nation and the rest of the world is already in a depression, the problem with the admission of been in one is due to the fact that in modern day depression the symptoms while mimic the old depression they are not the same.

One of the problems with the so call depression scholars and experts is that they are looking for the same one by one step that created the first great depression.

In modern Depression those steps are not necessarily there but the result of the economic crisis shows that we may be in worst shape that when the first great depression hit.

If we are to look at the economic crisis now the same way that the great depression behave is not going to be much links to make it the same.

But that we are in trouble and big trouble at that is true.



posted on Apr, 8 2009 @ 09:05 AM
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Man, do you guys remember the good ol' days of early to mid 2008? Way back then, we weren't even in a recession. Oh, those were the days.....



posted on Apr, 8 2009 @ 09:18 AM
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well... there's a lot more 'forces' causing the trading volume/volitility today
than in the 1929-30s era.


i'm more focused on the dividend paying stocks...

seeking-Alpha.com... site tells me that $77billion in dividends has evaporated...beginning this quarter, the concerns about dividend payouts revolve around these facts/figures...


"...since 1955, the average has been 15 increases for every decrease. Now its three increases for every four decreases.”

Following are some statistics on the first quarter dividend activity:

A record 367 of the approximately 7,000 publicly owned companies that report dividend information to Standard & Poor’s Dividend Record decreased their dividend payment. This represents a 332% increase from the 83 issues that decreased their dividend during the first quarter of 2008.

A record low 283 issues announced they will increase their dividend payment – a 52.7% drop from the 598 issues that reported dividend increases during the first quarter of 2008.

Source:

S&P: Q1 Worst Quarter for Dividends Since 1955;
Companies Reduce Shareholder Payments by $77 Billion
Standard & Poor's
By: Howard Silverblatt & David R. Guarino
April 7, 2009



now, how does this facet of the stock market compare to the great-depression?



posted on Apr, 8 2009 @ 09:22 AM
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Well Udio our economy now is a more complicated one that the economy in the first depression.

Still one of the common issue that both share back and now is the debt ratio.

It was over spending that cause the crash.


I guess we have not learned a darn thing because now is our own government the one trying to fix the problem with more overspending.



posted on Apr, 8 2009 @ 09:30 AM
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Last week the stock market had the largest 4 week increase by percent since 1934. It's not all doom and gloom. The day traders are making big money right now.



posted on Apr, 8 2009 @ 09:37 AM
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Well mikellmikell you forgot to follow the news, that was very well manufactured by the Treasury, Bernanke and the banks.

To create a sense of leverage while posting numbers of winnings that if you took the time to add one and one they made no sense.

Still it didn't hold because it was all fake.

See while the Federal Reserve the treasury and our government keeps squandering money on the banking system the banking system is still very much insolvent, soo insolvent that even the government had to delay the results on the banks stress test.

Putting a good face on the already ugly face of what is going on in the Markets with the desirable outcome of investment confident specially the new investors for foreign nations was deceiving and that is what our government was targeting.



posted on Apr, 8 2009 @ 09:41 AM
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Originally posted by marg6043

... the common issue ... is the debt ratio.

It was over spending that cause the crash.






nice shoes



Debt --is a big issue....
but much of the present 'debt' is a result of the Inflated costs of property, real-estate,
and the trillions in nomiminal value of derivatives/debt-instruments which 99% of the population had nothing to do with...
but that Debt is 'Averaged-In' to the overall populations Debt. !!

a bogus statistic imho



debt was also the blowback of interfering in Iraq, Afghanistan etc



posted on Apr, 8 2009 @ 09:47 AM
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Thanks Udio,

It is anything coming from our government ever the real truth? Udio, I thing that it has become common practice to manufacture, sugar coat and manipulate data, after all Banks did it for years until they could not hide any longer the reality of what their balance sheets looked like.



posted on Apr, 8 2009 @ 11:18 PM
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I don't think you can compare the rate of decline during the great depression and now. You did not have a huge bubble like the sub prime during the great depression and the US has more resources now than it had during the great depression. The fall may be steeper and the recovery will be as steep.



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