It's Never Different This Time

An interesting look back at the crash of 1929. Sounds kind of familiar to the crash of 2008.

Remember these crashes the next time someone tells you it's different this time.

It's never different this time.

There is no "new economy", real estate doesn't go up forever, oil prices don't go up forever, dot com companies with no net income (or revenue for that matter) are not good investments, Asian tigers become lame ducks, tulips are not as good as gold, and you cannot spend more money than you earn forever!!

"Those who cannot remember the past are condemned to repeat it." George Santayana

Just in case this trading thing doesn't work out

It's good to have options.

Oil prices: Wall Street's Game

Big fund money is flowing into oil markets sending prices to levels never seen before. Is it profiteering or an essential way to ensure supply?

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