Jump to content
House Price Crash Forum
Sign in to follow this  
Giordano Bruno

1929: The Great Crash

Recommended Posts

so its on all BBC2 stations TONIGHT ?

this might be worth a look.

the bbc are a bit skitso at the moment.

one minute truth, the next spin.

it will be interesting to see if this has the hallmarks of the now disappointing city season,

which on the 2nd episode was heavily 'seasoned' with a lot of 'its all over now, phew that was close' herbs and spices.

Share this post


Link to post
Share on other sites

Havnt seen this series before, but just saw the listing on iplayer so will see what its all about. It will be very dumbed down do doubt but will take a look just in case. :)

Share this post


Link to post
Share on other sites

I'll be watching, should be good, in an educational kind of way.

I wonder if it will just be about 1929, or if they will make any comments on the similarities of today.

Share this post


Link to post
Share on other sites

First crash, then depression, then war. Cheery stuff.

Interesting parrallels. The growth of easy credit and the new found respectability of shares (like landlordism in the last ten years?) being gone through.

Share this post


Link to post
Share on other sites
Guest An Bearin Bui

Quotes:

There was a whole ideology that we were in a new economic era
With cheaper credit and consumer goods, many Americans were looking for ways to get even richer

Hmmm... new paradigm, ways to get even richer?? Where have we heard that before? I remember reading The Great Crash 1929 by Galbraith and being struck by the culture of leverage and buying on margin that was so prevalent and that led to the crash. It was so similar to our own era and sure enough we've ended up in the same situation... :unsure:

Share this post


Link to post
Share on other sites
Quotes:

Hmmm... new paradigm, ways to get even richer?? Where have we heard that before? I remember reading The Great Crash 1929 by Galbraith and being struck by the culture of leverage and buying on margin that was so prevalent and that led to the crash. It was so similar to our own era and sure enough we've ended up in the same situation... :unsure:

The really interesting thing is that many of these changes were never reversed. For example new technologies such as cars and radio; wider participation in the stock market and the growth of consumer credit.

On another idea. Galbraith talked quite a lot about the Florida real estate crash as a precursor to the stock market crash. Wouldn't it be odd if eighty years later the dot com crash would be the precursor to the real estate crash.

Share this post


Link to post
Share on other sites
Guest mattsta1964

Shoeshine boys becoming stock market investors by borrowing money

Yep. Sounds familiar doesn't it?

Share this post


Link to post
Share on other sites
Shoeshine boys becoming stock market investors by borrowing money

Yep. Sounds familiar doesn't it?

This is amazing. It seems history will always repeat its self. I never knew leverage was such a big part of the crash back in 1929.

They will be making documentaries like this about the last 10 years in 100 years time.

Share this post


Link to post
Share on other sites
Guest mattsta1964
Yip frighteningly familiar, All those 'property tycoons' and city workers who'll be shoe shine boys soon.

It's incredible

All the same mistakes

All the same powerful people manipulating markets behind the scenes

It's an exact replica of 1929 but property has been the stock that will reduce people to penury

Share this post


Link to post
Share on other sites
Guest mattsta1964

Broker says to nervous speculator

"Don't worry, we're in a global economy now"

In 1928

LOL!!!!!!!!!!

Share this post


Link to post
Share on other sites

They were even making fun of the lines "It's different this time" and "it's a global economy".

I haven't had the same shocks of recognition as others have (it's a common trick for history programmes) but the trick of recognition really got me there.

Share this post


Link to post
Share on other sites

Most major US companies lost most of their value in an afternoon.

Isnt that like the banks now, everyone is dumping stock in them as they have no value, and more than half of the stocks is held by the government.

Edited by Yorkshire Lad

Share this post


Link to post
Share on other sites

Finally, a good documentary on the folly of bubbles!

The parallels with our decade are mentioned subtly, but should be obvious to anyone with a brain.

Hope it appears on iPlayer; well worth an hour of anyones time!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.