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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: da_cheif™ who wrote (79824)2/9/2013 12:39:50 PM
From: chartliner  Read Replies (1) | Respond to of 207825
 
The real cause of the 1929 stock crash was the bond market defaults all over the world (contrary to what Economist John Kenneth Galbraith said), except the USA, Canada and Great Britain (which put a 6 month stop on payments). Most of societies money is in the bond markets, that is why they can have a huge impact on stock markets if the bonds are defaulted on which then leads to extreme capital shortages and liquidity problems.