20 years ago US and world were quite difference

Some people try to compare to last housing recession and financial trouble. It has some similarity but many big differences.

Financial engineering was just started by 1990 and there was no subprime, 2/28 and other products, no CDO, SIV, condit, ABOP fancy financial tools. US dollar was very high and oil is $9. Russia was in deep trouble. China, India, Brazil all were just started. One Euro was 80 cents US. Fed was fighting very hard for the inflation. US was not in any major war. Japan was big but by itself US can handle it.

所有跟帖： 

• That's how fast they can run a great country to ground. -yogiho- ♂ (220 bytes) () 11/07/2007 postreply 17:09:28

• Well, Bush is pro oil and defense industries -77ll8- ♂ (221 bytes) () 11/07/2007 postreply 17:15:04

• Do you know LTCM blow up and junk bonds? China rising -miat42- ♂ (435 bytes) () 11/07/2007 postreply 17:17:52

• you hit right on the head! -ryanx30- ♂ (0 bytes) () 11/07/2007 postreply 17:30:54

• should an oil shock hit all your happy talks will stop. -Aceofspades- ♀ (145 bytes) () 11/07/2007 postreply 17:32:47

• Oil shock is a great event. 70s oil debacle was worse -miat42- ♂ (377 bytes) () 11/07/2007 postreply 17:41:16

• 非常赞同，不过你是对牛弹琴。 -dividend_growth- ♀ (44 bytes) () 11/07/2007 postreply 18:06:34

• Yes, pessimism or optimism is indeed in DNA -miat42- ♂ (0 bytes) () 11/07/2007 postreply 18:10:13

• you don't have to judge my DNA -Aceofspades- ♀ (189 bytes) () 11/07/2007 postreply 18:14:36

• How much LTCM lost? 4.6 billion. -山高月小- ♂ (1117 bytes) () 11/07/2007 postreply 18:06:01

• I agree that investors should not be saved. But -miat42- ♂ (623 bytes) () 11/07/2007 postreply 18:17:00

• I though euro were introduced in 1999 and in market 2002 -ryanx30- ♂ (0 bytes) () 11/07/2007 postreply 17:29:13

• agreed. Debts and deficits do matter. -山高月小- ♂ (233 bytes) () 11/07/2007 postreply 18:10:02