SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GST who wrote (91549)1/20/2000 2:40:00 AM
From: JBL  Read Replies (4) of 164684
 
In 1928, despite signs of feverish speculation, the Federal reserve was hell bent on helping European currencies, and refused to raise rates. When rates were finally raised in August of 29, (from 5 to 6 %), the bubble had already become unmanageable.

In 1998, Greenspan saved Asia, but doomed the US market by allowing manic speculation to take hold.

With consumers and companies leveraged at levels never reached before, valuations so absurdly high, and new IPO schemes sucking liquidity like a black hole, this market has become a Greek tragedy.

With systematic risk so high, the trigger event that will take down this house of cards could be a fairly minor one, much like the Thailand defaults were for the Asian markets a couple year ago.





Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News