Today we watched a videoCauses--- steel production down, car sales down, poor getting poorer, easy credit put many in debt. the stock had its own momentuem.Story of SMC--- a big boom based on credit, with a smaller crash stopped by a big business man whos frotune depend on the upward trend. many people decided to get out, during the morning thursday was taking place. the bankers were getting together to try to stop the crash, they stopped the crash that day, but the following monday, people sold all they're stocks.What is Pooling--- when wealthy investors would agree to invest in a stock to inflate its price and sell itWhat did Federal Reserve do--- they didnt make a public announcment and raised credit rates
Comments