Interest Rates Rising?

petey said:
JulieW said:
http://www.historylearningsite.co.uk/wall_street_crash.htm

The impact of the Wall Street Crash :

1) 12 million people out of work

2) 12,000 people being made unemployed every day

3) 20,000 companies had gone bankrupt

4) 1616 banks had gone bankrupt

5) 1 farmer in 20 evicted

6) 23,000 people committed suicide in one year - the highest ever
Click to expand...

Probably mostly ordinary investors then.
Click to expand...

The problem with these stats is that they aren't a percentage of anything, and even in the farming example (5% of farmers evicted), we have no insight into that was normal for that era.

20,000 companies bankrupt - out of 30,000 companies that is terrible. Out of 1,000,000 it's not so bad.
Click to expand...

or even what the rate was prior to the Wall Street Crash (especially the suicide rate). They need context for sure.

1 in 20 farmers evicted does seem high but I remember reading that a large part of US farmland had turned into a dustbowl around the time of the Wall Street crash (just checked - seems to have been in the 30's). Overfarming & drought. So I think it might be incorrect to blame the Wall Street Crash for that statistic.

1,616 banks bankrupt. Crazy number compared to how few banks we have in this country and this was over 80 years ago.
 
JulieW said:
Highly likely he'll bump up 0.25% I think.
The more margin RBA has to drop the more it will like it. This is a tiny opportunity to lift a little.
Click to expand...

I hope you're right. One more sleep and we'll know. It's just like Christmas ...

'twas the night before the RBA Meeting, when all thro' the house,
not a creature was lending, not even for an RMBS.
The capital was parked on the sidelines with care,
In hopes that St. Glenn Stevens soon would clear the air;
The Bankers were nestled all snug in their beds,
While visions of money printing danc'd in their heads
Click to expand...
 
Right as the RBA is locked down in their prognostications, liquidity continues to drain from the Australian share market ...

Don't panic. This is a correction, not a cataclysm

Read more: http://www.smh.com.au/business/comm...a-cataclysm-20140204-31yep.html#ixzz2sJcqHCUV
Click to expand...

Is this the Hitchhickers Guide to Investing? :lol: ... Don't Panic! Its not like the tide of liquidity is running-out all around the world or anything. :rolleyes:

But the question is, is Glenn Stevens going to do his Nero impersonation and do nothing while the market burns as foreign capital exits the country?
 
You must log in or register to reply here.
Back
Top