STOCK MARKET FORECAST BY KPASTROAKELLA
This isn't the first financial meltdown, and it won't be the last. But we are a fast-learning species, and we've figured out a few ways to cope along the way.
Panic of 1907
Problem:A series of bank runs, a stock market crash, and deep recession. Banker J.P. Morgan finally brought together financial leaders to halt the panic.
Outcome: Congress established America's first true central bank, the Federal Reserve System, in 1913 in the hope of preventing such panics.
By Beth Kowitt and Justin Fox
NEXT: Great DepressionGreat Depression
Problem: First came the stock market crash of 1929. A year later a wave of bank failures began that didn't end until Roosevelt took office in 1933. GDP dropped 26% and unemployment hit 24%.
Outcome: The FDIC, the SEC, and a host of new institutions and financial regulations.
NEXT: 1970s inflation1970s inflation
Problem: The country's only great peacetime inflation, sparked by an oil embargo, the breakdown of the Bretton Woods monetary system, and poor Fed decisions.
Outcome: New Fed chairman Paul Volcker cracked down, bringing on a deep recession.
NEXT: Japan's lost decadeJapan's lost decade
Problem: After a spectacular 1980s boom, Japan's real estate and stock markets crashed, throwing the economy into a prolonged malaise.
Outcome: Early denial of the problem by the Japanese government taught policymakers elsewhere the value of responding quickly and decisively.
NEXT: Asian contagion of late 90sAsian contagion of late 90s
Problem: The collapse of the Thai baht in 1997 sparked a crisis that spread across East Asia. The International Monetary Fund stepped in to help, but its draconian terms brought widespread criticism.
Outcome: A still-unresolved debate about how currency crises should be managed.
source:cnnmoney
courtesy :fortune magzine&cnn money.com
(for financial astrologers research purpose i was posted this article here)