So much similarity - 1929 stock market and today

2023年4月24日

I have broken it into 2 parts.
Part 1 – we can associate it with the sequence then.
Part 2 – we can take reference as the situation unfolds.

Part 1 -
1929 sequence that seems familiar today:
a) Crisis triggered by several factors
b) Stocks rose rapidly
c) Chain reaction of events
d) Bank had invested heavily
e) Bank failed

Part 2 -
As it continued in 1929:
f) Decrease in the money supply
g) Decrease production & employment
i) Decline spending & investment
j) The cycle continued

Following the video comparing the 1929 stock crash followed-by the great depression and the recent years, there are many similarities between its technical and fundamental developments.

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