Pictures From Crashes Past

from Jesse’s Café Américain

[…] Each financial bubble and collapse has common characteristics, while having their own peculiar character.

This that we are experiencing now is the third in a series of bubbles that started at the turn of the century.

I suspect it may prove to be the most severe, as compared to the last two.

The crash of 1987 was more of a trading anomaly and glitch in the financial system, similar to the panic of 1907.

I think we are in more of a Crash of 1929 scenario.

Let’s take this one as it comes.

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