This page has been archived and commenting is disabled.
This Time Is No Different - Reflections On 1929 Optimism
When it comes to markets, the following clip, as well as memories of recent market collapses, highlights that it is usually brightest just before it's pitch black.
..."As the market floundered financial leaders were as optimistic as ever...more so"...
(h/t @Macheterosforvr)
We are where...
- 39352 reads
- Printer-friendly version
- Send to friend
- advertisements -



reminds me of live cattle futures right now
One of the most astonishing hypocrisies of Zero Hedge is their shameless money grabbing from advertisers, EVEN when the adverts contradict their most deep rooted ideologies. Just today, I have come across adverts for:
1. Donations to the Obama presidential campaign
2. Brokerage services at Goldman Sachs
3. McDonalds franchising
In addition I’ve repeatedly seen adverts for “Forever Lazy’s”. I would never buy something so ridiculous, and I resent the implication.
My advice to ZH: Get your values in order and STOP taking money from adverts that contradict your stated views. You’re embarrassing yourselves.
Au contraire, it is great to be taking money from the people you detest and using it to publish stuff that is not exactly complimentary to them, isn't it?
And ... while I don't give my money to any of them ... I do occassionally ... accidentially ... click on one of the ads.
Typography Presentation - YouTube
Examples of false statements, which were thought to be true at the time...
"Everything that can be invented has been invented."
Charles H. Duell(United States Patent and Trademark Office) 1899
"Heavier-than-air flying machines are impossible."
Lord Kelvin (Royal Society of London) 1895
"Airplanes are interesting toys, but of no military value"
Marshal Ferdinand Foch 1911
"I think there is a world market for maybe five computers"
Thomas J Watson (President Of IBM) 1943
"Stock prices have reached what looks like a permanently high plateau."
Irving Fisher (Professor of Political Economy) 1929
"The Bernanke Put is really going to work this time. Honest. We wouldn't lie to you."
Squids urging Muppets to hold or buy equities - 2012
Typography Presentation - YouTube
Um, it's in Turkish.
MDB, disappointing.
As for the 29 crash the Fed pumped millions after the crash, only to see it crash again.
Hoover raised taxes from 25% to 63%, spent the surplus to deficit, passed trade protection, Smoot-Hawley, and created agricultural cartels, kept oil prices artificially high, kept wages artificially high, and made a recession into the Great Depression.
As for the advertisers I get “financially secure men” which is a total waste of advertising revenue in my case. My advertisements should be, “Hormel Chili, 108 ounce can on sale $7.50!” That would grab my attention.
The diagram above is most revealing. My thesis in graduate economics is entitled Manic-Depressive Man:
http://www.spiritoftruth.org/Thesis/Intro
Million Dollar Bonus is a precious contributor to this community IMHO. :)
Written subtitles below are in English & appropriate song. Works for me.
I hope you're all ready for the "Gobal Minimum Tax."
It's going to be great for America. I know that because Vice President Biden said so and he would never lie. If any of you are against it, I'm going to assume you're an America-hating terrorist: http://www.youtube.com/watch?v=bSyxA-vdDYg&feature=player_embedded
Yep, America is economically choking to death on taxes and regulations. It appears that some of our enemies decided to save their wealth, avoid total take-over by the financial sector and preserve some semblance of free enterprise (sounds like America-hating terrorists to me) and we can no longer compete with them. The solution? Choke them to death with the same taxes that killed our economy. And if they don't accept it, we'll bomb their ass to smithereens.
Hey, they will need thousands of new IRS agents fluent in Burmese and Urdu. i want to watch them collect off Somali Pirates, That could be fun.
ChrisFromMorningside, a global tax huh? ...what a revelation http://bible.cc/revelation/13-16.htm
http://www.youtube.com/watch?feature=player_embedded&v=mGDyZlwcYp0
BD excellent link on "NWO"
thanks :-))
Ps. Sessions's really shined - lovin it!
By global minimum tax, do they me like an import tarrif? Hmmmmm.
Verty good, you hit it on the head. Also I never seen this documentary and it's amazing how much insider info they had.
Should probably add to that:
Equities are dead they will never beat cash, Businessweek 1982
The economy will never grow again, all is lost, early 1920s, 1932-1945, 1970s, 2000 through 201?
Doesn't mean you should pile into stocks today, but every time growth seems to be over for the economy eventually it picks up again. I don't know when this will happen though. Maybe it already started (doubt it), maybe by 2020.
Things will get better some day, but we probably need a really nice dose of inflation to clear out unpayable debts. generally this isn't good for the market, buy gold and wait?
And... the ever running one: There can be perpetual growth on a finite planet!
Check out the quotes from Harvard Economic Society back during the Great Depression:
http://myinvestorsplace.com/2009/05/10/great-depression-1929-quotes-stat...
If people of such high positions are going to make such proclaimations then they should be held to account should they be wrong: at a minimum, tar and feathers.
I don't get what you guys are talking about... all I see are ads for gay porn sites.
I get Russian bride scam sites
I get nothing but ads for Karl Marx propaganda and pro-statism literature. Just yesterday I found myself browsing the entire Stalin catalog at GoReds.com.
i keep getting ads of me looking at me. i don't know if to click on it or not...
Nice one.
nice one what? i am not amused actually...
Mine are mostly boating safety ads, and an occasional Bible commentary. OK, I get the Russian hooker ad also.
Excellent- I see I'm well on my way to becoming an oligarch.
No foreign ladies, politics, or bibles for me- I get Gold, Silver, private jets, trading platforms, Rolex and and offers to invest in Seimans line of electric cars. And one ad for Macy's, which I can't quite fit in there, but maybe it's my fiancee's doing.
Ok, time to turn the adblock back on.
why do I get penis reduction sites?
and is that a compliment or an insult?
Hey! Me too!
We must be brothers from different Mothers.
gee, i get cadilacs (hate them, drive a p/up), gold (love it!) and string bikinis (haven't worn one in years but my wife looks great in them)
time to delete all cookies and enter the void
when you stare into the abyss,the abyss stares into you
(forgive my mangled Nietsche quote)
Got you down, maybe there is something to that advertising... Unionize your employess yet you evil exploiter of class stratification and the holy proletariat.. Robbed anyone of their inheritance lately?
King George III was quite certain that he had a God Given right to own America before the Revolution. Fucking liberals took his inheritance.
Nothin' but donkeys here...
I was promised mine swallows and never spits. Hooah!
They're actually not scam sites. I picked one up through the mail order service, a Ukrainian variant and I have been very satisfied with my purchase.
Haha! I am actually not kidding. I met my wife through one of those sites and she is awesome! No joke!
I lived over there for awhile, and met my wife there, also. She is indeed awesome (though very assertive). We celebrate our 13th anniversary in May. Best decision I ever made.
A guy I knew when I worked had a mid life crisis, got rid of the wife and kids, and started shopping the Eastern European markets for a new wife.
I told him just to enjoy being single, but he wouldn't listen.
Anyways, he got scammed twice. Sent ALOT of money, flew over twice, and was robbed shortly after arrival.
He switched over to the P.I., got one on the line, treked 40 clicks into the jungle and brought her out.
Now he has a 17 year old girl in his house on a fiance visa that doesn't speak english.
I need to give him a call... I'm dying to hear the next episode of this soap opera!
blow-up doll would have been cheaper, but I guess it can't wash his dishes & clean his hovel.
blow-up doll & weekly maid, yeah, that would service him.
Hookers would have been cheaper, and he wouldn't have to be the one doing the blowing.
Damn that Google ad-sense.
"all I see are ads for GREY porn sites"
Fixit it for you!
+1 Nice, thanks!
I'm always accidentally clicking on ads here - one of the problems of using an iPad ; )
Of course, who wouldn't explore "Sugar Daddy Dating"?
Keep clicking on their ads.
Over and over and over...
Every click costs them money and they get no business from ZH readers.
Nice video. There was Morgan, Lamont, Mitchell, Ford, Hoover and Livermore.
But where was Rothschild, Baruch, Warburg, Schiff, Kuhn and Loeb?
SimpleSimon: Great point! Take ALL their money. :)
But I like the "Russian hotties looking for Established Men" ads!!
That's right, women need sugar daddy's.
Come on, guys, markets are falling all right but you'll always need girls. Specially under a huge capitalistic crisis. So behave.
Belarusian girls are better. Russians are already spoiled with money, while in Belarus you still can find true feelings.
Like despair?
Despair? That's what a lot of American and Anglosphere women (and therefore their husbands and significant others) are going to feel when the fiat/Ponzi system finally blows up and it becomes impossible to attain the McMansion/Coach Bag/luxury SUV lifestyle.
.
O ye of little faith. The luxury SUV will become the next McMansion.
I just want to maintain my McDonalds/Plastic Bag/working SUV lifestyle.
Or just swallowing sadness.
http://www.youtube.com/watch?v=NisCkxU544c
86 million hits..
We've come a long way.
The good thing about despair, is that you eventually become immune to it and learn to live with much less fear than before.
Therefor, a girl from a poor country will not bitch around during hard times.
Russians (including White Russians, Belarus), Ukrainians, etc, know how to survive when the going gets tough. My wife is my greatest asset when times get difficult. Of course, never forget the three G's - Guns, Gold, and Groceries.
My Belarusian wife really likes our new bomb shelter. She is also quite good at shooting the weapons we have stored in our bunker.
And here, I was just looking for one for looks and to cook/clean. Who knew I would be getting a "battle buddy"!
Truly you defy the Biblical context of your name. Or, maybe, I don't get it.
Either way, can't wait to see you on the other side.
My name derives from the context, "Beam me up Scotty".
If she can distill her own vodka and pull a plow, you've hit a perfecta!
She doesn't pull a plow, but she has placed our food AND drink AND alcohol in alphabetical order. She also knows the value of good white lightning.
Only thing that bothers me is that she can out drink me. Since I am Irish, it does hurt my pride a bit. Besides that I got it made!
Haha, one of my relatives is a russian and she is married to a scottish guy. She jokes people call them "couple of drunks" :D
She doesn't pull a plow, but she has placed our food AND drink AND alcohol in alphabetical order. She also knows the value of good white lightning.
Only thing that bothers me is that she can out drink me. Since I am Irish, it does hurt my pride a bit. Besides that I got it made!
Yeah, I had a Russian hottie girlfriend who was maybe 50 kilos when soaking wet, and she could drink any man under the table and still be coherent enough to beat the crap out of them if she didn't want their attention. Funniest thing she did, to the shock of another American chick at the table, was to use her bare hands to squash a roach crawling across the table. Siberian ... Every bit as rugged as a Belarusian, but better looking.
That's what im talking about. You can measure the quality of women in a country by Cosmopolitan-like magazines sales volume... and it's not really great here.
Wow... what a coincidence. It cost me $5,000 AND a Belarusian Bull for her. Wait a minute. Don't I know you? The crest looks familar. That's on a few of her articles of clothes. If this is who I think it is...can you please refrain from telling people where the bunker is?
All your bunker are belong to us. Resistance is futile.
Just as long as Grandma Olga doesn't come. No offense, but she kind of smells!
Huh, interesting...I get the same advert except mine is for Asian hotties, thanks to googles privacy laws we now are both privy to each others porn prefs....
Since the advertisements are driven by cookies, you've just profiled yourself as a muppet-hating, in-the-tank Alinsky drone who happens to like corporate profits from greasy burgers.
Like I said -I like the "Russian hotties looking for Established Men" ads!!
Must be doing something wrong ... All I get are Travelgirls.
One of the reasons I keep coming back here is because of all the ads for churches, charities and Bible books.
I just tried to +1 his comment and the Tylers wouldn't let me agains cus I already did it.
Alinsky drone. Priceless...... +1 gazil
Not True!! I would never look at starting a McDonalds franchise, and I sure as HELL wouldn't buy a "Forever Lazy". Those are for total losers only.
moved this to here..
You're such a stupid fuck.. ZH has nothing to do with those ads.. Its linked to your cookies because they're tracking you.
They've targeted you as a stupid fuck.. Keep serfing Muppet..
Edit: Yes I used "serfing" as a pun.. Because you're a stupid fuck..
That said. thanks for the LOL's..
He's not a stupid fuck.
He's a funny stupid fuck.
He's more than a funny stupid fuck. He's funny stupid retarded fuck because he hero worshipped Hank Paulson!
Let's show a little respect, shall we?
It's Mr. Funny, Stupid Fuck!
You got trolled bro... Twice!
The cookies do not lie, obviously you must be a sharp dresser if you are getting the "Forever Lazy" ads. I had to google that to find out how fitting it is for your personality.
Now that I've googled it, will I get ads?
In fact, yes, if you have your cookies turned on. Doing a search while still logged in to your, say, gmail account is doubly trackable.
I like my cookies sterilized with a "whiff" of ammonia. MMMM.
meh. I'm using adblock + noscript in firefox. I try to cut down what cookies will be used at all but there are no ads for me.
http://www.mvps.org/winhelp2002/hosts2.htm KILLS ADZ DEAD!
I have great respect for your circular thinking. Its looks like, it eats like, a Mcdo burger outright. Love the smell of onions. You add mustard to it and you are now frankly on board. You'd get a bonus for selling it to the tru-blu ZH lot. From the big boss of Mcdo himself!
I have avoided MCD because the "food" is dreadful. I went in there recently - it looks like an Obama campaign rally in there. I know they were supposed to be allowed to take food stamp credit cards issued and serviced by JPM. (aka the JPM backing Obama and Romney).
MCD is a sad reflection of America today.
Also, going to Walmart couldn’t be any more depressing. I avoid Walmarts at all costs.
+1
I do avoid WMT. I generally try Target which is a little better.
they actually assist workers in applying for government benefits
MDB really is Krugman!!!!!!!!!!
I think MDB is really Joe Wiesenthal.
MDB, you are an idiot ... A McDonalds franchise is a license to print money if you run it by the book.
My only regret is that I can only green you once.
I love the MCD at WMT. Everything one needs in one stop.
Your statement is true so I will green you.
Were you being sarcastic? Sarcasm doesn't always translate well on the interwebs, trust me. Hit me up in ZH chat and we can discuss.
Re: the article, who's to say whether we will see Dow 36k or S&P 666 first? I sure as heck don't know and doubt anyone else does either.
Jesus H. Christ, I get the Citibank ad banner at the top and the ATT banner on the sidebar.
No goddamn Obama ad for me.
Jesus H. Christ, I get the Citibank ad banner at the top and the ATT banner on the sidebar.
No goddamn Obama ad for me.
Jumping Jesus on a pogo stick, you must lead one incredibly boring life!
This is one of MDB's best uber-sarc posts ever. Mayhem, if you only knew how cosmically ridiculous you look for explaining his joke, you'd never post here again.
If you think I'm that naive, then the joke is on you. We all know MDB is an insider like Robo. I just can't help but flame it a bit when he throws out these softballs.
All the same, I'm glad to know yer lookin' out for my rep, dood (/sarc).
He isn't sarcastic, he really is an idiot you idiot.
The ads on my page are from credit score companies, a local lawyer 100 miles away, and Zurich Gold. Yikes
When I use my Motorola Xoom tablet to view ZeroHedge, I get things like:
http://www.shopbarska.com/Sniper_Scopes-4-16x50_IR_Sniper_Scope_by_Barsk...
Support Mental Health week. (Or I'll kill you!)
You guys get different adverts than I. All I get are ads for prostitutes, Asian babes, Russian love, etc. I never got an Obama ad, or a GS ad, or McDs. It is just straight on hookers all the time on the margins of ZH for me.
Does that mean that when the Bernank & O-inmy-BUM-a troll this site they get ads for "Ladyboys"?
download Ad-Blocker for Mozilla/Chrome!
Or donottrackplus.
I found a way to block the Barry X Bozo re-elections ads. It's great not having to see that smilin' sack 'o shit commie mofo.
And you're bitching? They need love, too!
Do you work for Goman Sachs? ;-)
all I get are financial websites...maybe it's because I use the InPrivate for the other stuff I look at....
Seems that Obama should also be in your group of ads given that he's also a prostitute. The others? Pimps...
.. moved ..
I didn't realize people were really this retarded. But I guess they are. What a muppet.
My advertising is almost all APMEX. Hmmm, wonder why.
I admit that I have frequently browsed for Obama campaign donations and Goldman Sachs brokerage services. But I have NEVER looked at McDonalds franchising or Forever Lazys. That is just a LIE.
So the cookies are lying...or are you saying someone planted them on your IP address? Let us look into this conspiracy, shall we?
You are loosing your dry tone. Too bad.
It shows ads based on your own interests you moron.
Guess you just pwnd yourself huh.
the milliondollardefense ... "someone put shit in my pants!"
http://youtu.be/I-seC63rHbY
Nobody cares about the ads, besides, they only show the ads based on your preferences through your cookies.
The ads they show to me have text in cyrillic letters, should i object to it as well?
"they only show the ads based on your preferences through your cookies."
And if NO cookies?
I flush everything, yet I DO see shit that I have ZERO connection to. Just getting some ad now for watches! I don't own a fucking watch, nor do I wear them! Worse is that I DO see Obama ads from time to time: didn't vote for the clown, never would (don't vote for ANYONE!); and, I don't mess around in any political sites (closest is here).
It's like this, adverts are based on a basic profiling of the people here. I listen to radio stations (no cookies here!) that push diamonds and expensive vehicles, stuff that I have ZERO interest in- ALL based on reader/listener marketing profiling. I know that clicking on shit would help ZH, but I struggle with engaging in hypocrisy.
MDB - you crack me up dude.
MD Baby:
I have no idea what you are talking about. All I see are ads for diesel pickups, ammo, whiskey, and dates with women that look like my hot wife.
Oh, and gold.
Hey, "MillionDollarBonus_"...Don't you know, it' the content of the post, that matters?
Most, tune into "super bowl" for advertisement!
Ad's are paying the bills, to keep us informed by none other than...MY MAIN MAN!!
Honestly, I don't care if this site is payed for by Carlyle Group or Halliburton, as long as i get this quality of content
Poetic justice. Proves how desperate these companies are to reach intellectual leaders. Forget academe, they have been sucking up to the elites for so long; they have lost the capability to know if something is true or false, right or wrong.
"they have lost the capability to know if something is true or false, right or wrong."
Ah... no, "they" DEFINE what is right and what is wrong. And this is the REAL problem: those that attempt to impose their views on others, as this is primarily done for the sake of control of others.
I mostly get Gold and Silver ads. Gee wiz how much of this stuff do I need to buy before these guys will leave me alone :)
Cookie 101 my friend, where your cookies are there your heart will be.
With any luck the cookie algos will be giving me more of the Sugar Daddy ads as the fiat explosion really gets going due to all my Gold and Silver cookies.
In sum you can have Obama & Goldman Sachs, I’ll take Gold & Girls over them any day of the week.
I was getting ammo stuff not that long ago but they cannot sell ammo fast enough. They don't need to advertise.
Now I am getting Eurail passes. Who can afford Europe anymore? Even the Europeans cannot afford it.
Pecunia non olet...
I think it's official. MDB is not the <sarc> specialist a lot of folks are inclined to believe. There is nothing sarcastic in this post.
Read it again.
I've already forgotten what the article was about. Got lost in the weeds down here again...
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.
I'll bet she works the corners well? Just like the 575mm I just sold,
Ohh Wait. I just took delivery on a (458iTALIA) Berlinetta. Those CaliforNIA SAMALL Motor cars are ( boring)!
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.
Evolve;!!1
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.
Like I said, they promised my Russin hottie swallows and never spits. I like.