2009年2月27日

Top 10 Financial Crises

Interesting list by an entertainment correspondence. 

I don't know how he came up with the ranking. It is not very reasonable. 

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Top 10 Financial Crises

Here is yet another click-whoring festival, this time spread over 3 pages (it would have been 10 on CNN/Money's pages).


Top 10 Financial Crises


10. The Panic of 1907: The fourth so-called "panic" in 34 years.

9. The Mexican Peso Crisis 1994 aka "The December Mistake" Punta !

8. Argentine economic crisis - 1999 If you have no money, is it a good idea to print more?

7. German hyperinflation - 1918-24 If you have to print a 1,000-billion Mark note, you probably have too much inflation.

6. Souk Al-Manakh - 1982 Try not to use post dated to buy stocks

5. Black Monday - 1987 Can we call a 23% drop in a single day a black swan?

4. Russian financial crisis - 1998 devaluation of the ruble and cancellation of debt is never good for a local stock market.

3. East Asian financial crisis - 1997 aka the Asian Contagion

2. Black Tuesday - 1929 — Really? One day, and not the entire Great Depression?

1. 1973 Oil Crisis — Big energy increases cause recessions


>


Source:

Top 10: Financial Crises

Ross Bonander

Entertainment Correspondent [WTF?!?]

AskMen.com

http://www.askmen.com/top_10/top_10_150/166_top_10_list.html





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