Monday, February 16, 2009

Financial Crisis 2008, stock market crash, after American Civil war

If image is too small, just click on the image for larger size, or right click and 'view image'.

Read this, and guess what period in history it talks about ?

Ok here's the answer:

The excerpt above is from a novel set around the Civil War period.
Just after the American Civil War 1865-ish.

Has the basic issue every been fixed ?
Has the tiger changes its stripes ? :-)

From the book: "Scarlett" by Alexandra Ripley, 1991, , sequel to "Gone with the Wind" by Margaret Mitchell, comes a description that could be very accurate in 2008 for the financial crash.

Note: A historical novel is a work of fiction, however there was an actual Stock market crash at that time. The basic mechanisms of stock market crashes seem to be the same over the last 200 years.
Could it be a systemic problem ? Do we need to refine the system ?

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