{"id":51416,"date":"2020-02-27T10:41:23","date_gmt":"2020-02-27T15:41:23","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51416"},"modified":"2020-02-27T10:41:29","modified_gmt":"2020-02-27T15:41:29","slug":"the-last-time-this-happened-was-days-before-the-great-depression","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51416","title":{"rendered":"The Last Time This Happened Was Days Before The Great Depression"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/last-time-happened-was-days-great-depression\">The Last Time This Happened Was Days Before The Great Depression<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The US equity market is suffering its worst start to a year since 2009&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm5BC9.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In the space of just six days, we went from record high to a &#8216;correction&#8217;<\/strong>&nbsp;(over 3,000 Dow points and down over 10.5%)&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-02-27_5-23-19_0.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">What is most ominous is the fact that,&nbsp;<a href=\"https:\/\/www.natalliance.com\/\">as NatAlliance Securities reports<\/a>,&nbsp;&nbsp;<em><strong>&#8220;This would be only the second time in history that this has happened. The other? 1928.&#8221;<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmB907_0.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In other words,&nbsp;<strong>the only other time the Dow Jones entered a correction this fast from an all time high was months before the start of the Great Depression.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Last Time This Happened Was Days Before The Great Depression The US equity market is suffering its worst start to a year since 2009&#8230; In the space of just six days, we went from record high to a &#8216;correction&#8217;&nbsp;(over 3,000 Dow points and down over 10.5%)&#8230; What is most ominous is the fact that,&nbsp;as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4],"tags":[29011,1849,20202,4318],"class_list":["post-51416","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-covid-19","tag-financial-markets","tag-the-great-depression","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51416"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51416\/revisions"}],"predecessor-version":[{"id":51418,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51416\/revisions\/51418"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}