Wednesday, October 1, 2008

The Panic of 1819

It is just so strange how history repeats itself:

  1. War
  2. Easy Credit
  3. Real Estate Expansion
  4. Inflation
  5. Banks in Trouble
  6. Congress throws money at the problem

Panic of 1819 - Wikipedia

It only took 18 years for it to happen again:

Panic of 1837 - Wikipedia

So maybe we aren't doing to bad. LOL I think not.

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