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Re: The 1920s

By: ribit in POPE IV | Recommend this post (0)
Mon, 11 Dec 17 12:09 AM | 62 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 39944 of 47202
(This msg. is a reply to 39894 by Decomposed)
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...there is a commercial on the idiot box about a company that will check your credit rating for ya. Gal is showing her boyfriend what her credit rating is and he decides to check his. It's 700 and something (Good) he smiles as if he just won the lottery.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
The 1920s
By: Decomposed in POPE IV
Sat, 09 Dec 17 8:49 PM 		Msg. 39894 of 47202

I'm watching a show on the Smithsonian channel called "America in Color," and wow... Of the 1920s, it says: 

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But the boom is a bubble about to burst. Nearly 80 percent of goods are bought on credit. Most Americans have no savings at all. Consumers are stretching themselves thin. And with a runaway bull market, few realize what's about to come.
 
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The market gains are driven by optimism, not on the strength of the companies. Few worry. As long as there are buyers, it seems like a license to print money. By September 1929, the Dow Jones has tripled since 1924. It seems like the bull market will last forever.
 
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Sounds eerily like today, doesn't it? We know, of course, how it ended. Think people have learned?

Get ready... 

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