Are we headed for another stock market crash?
Interest rates, oil and housing costs are all up and usually this brings the market down. Instead, our market is climbing like it's 1929. The "experts" say to beware.
Public Comments
- i think we are =/
- Interest rates are not up. They're still the lowest they have been in years! You must not remember the 12-15% rates of the early 80's. And, housing costs have actually flattened. Oil has finally caught up with inflation.
- No, but something is sure fishy.
- A 1929 style crash is virtually impossible because many things have changed since then. Many experts will tell you that the 1929 crash occurred mainly because people were allowed to borrow up to 9 times their original investments. Now the rate is only 2-1.
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