{"id":22928,"date":"2009-03-15T00:01:00","date_gmt":"2009-03-15T00:01:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=387"},"modified":"2009-03-15T00:01:00","modified_gmt":"2009-03-15T00:01:00","slug":"poker-de-cracks-ii","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/poker-de-cracks-ii\/","title":{"rendered":"Poker Stars II"},"content":{"rendered":"<div style=\"text-align: justify;\">It is interesting to track the trend shown in the chart depicting the four most significant market crashes of the last 100 years. As we mentioned in <a style=\"font-weight: bold;\" href=\"http:\/\/freshfamilyoffice.blogspot.com\/2009\/01\/poker-de-cracks.html\" target=\"_blank\" rel=\"noopener\">Poker of the Best Players<\/a>, in the following chart from <a href=\"http:\/\/dshort.com\/\" target=\"_blank\" rel=\"noopener\">dshort.com<\/a> we can see how these four most devastating moments in the modern history of the global economy have unfolded over time, or <span style=\"font-style: italic;\">Four naughty bears.<\/span> In it, we can see four colours corresponding to the downward trends of:<\/div>\n<ol style=\"text-align: justify;\">\n<li style=\"font-weight: bold;\">The Oil Crisis from 11 January 1973 to 3 October 1974.<\/li>\n<li style=\"font-weight: bold;\">This is the dot-com crash, which lasted from 24 March 2000 to 9 October 2002.<\/li>\n<li style=\"font-weight: bold;\">The Crash of '29 and the Great Depression, from 3 September 1929 to 8 July 1932.<\/li>\n<li><span style=\"font-weight: bold;\">The collapse of the current credit bubble, from 9 October 2007 until an as yet undetermined date in the future.<\/span><\/li>\n<\/ol>\n<div style=\"text-align: justify;\"><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/2.bp.blogspot.com\/_VIxOq4VLwLE\/SbuUKRLr1sI\/AAAAAAAAAtc\/IxiEopbuEcY\/s1600-h\/four-bears-large.gif\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 571px; height: 413px;\" src=\"http:\/\/2.bp.blogspot.com\/_VIxOq4VLwLE\/SbuUKRLr1sI\/AAAAAAAAAtc\/IxiEopbuEcY\/s400\/four-bears-large.gif\" alt=\"\" id=\"BLOGGER_PHOTO_ID_5313003089545647810\" border=\"0\" \/><\/a>As we can see, <span style=\"font-weight: bold;\">We followed the path faithfully towards the elephant graveyard <\/span>of the Great Depression of the 1930s.<\/p>\n<p>Furthermore, the chart below shows that the current price of the S&amp;P 500 has already fallen back to levels last seen 12 years ago.<\/p>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/4.bp.blogspot.com\/_VIxOq4VLwLE\/SbuWjFiCmCI\/AAAAAAAAAtk\/svqBbJSjWno\/s1600-h\/SP500Mar132009.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 572px; height: 385px;\" src=\"http:\/\/4.bp.blogspot.com\/_VIxOq4VLwLE\/SbuWjFiCmCI\/AAAAAAAAAtk\/svqBbJSjWno\/s400\/SP500Mar132009.jpg\" alt=\"\" id=\"BLOGGER_PHOTO_ID_5313005714938173474\" border=\"0\" \/><\/a><br \/>But worst of all is that the current situation in the US is one of deep recession, as we can see from the following chart:<\/p>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/4.bp.blogspot.com\/_VIxOq4VLwLE\/SbuYN9f_RxI\/AAAAAAAAAts\/NAD4230RW04\/s1600-h\/PhillyFedStateJan2009act.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 570px; height: 405px;\" src=\"http:\/\/4.bp.blogspot.com\/_VIxOq4VLwLE\/SbuYN9f_RxI\/AAAAAAAAAts\/NAD4230RW04\/s400\/PhillyFedStateJan2009act.jpg\" alt=\"\" id=\"BLOGGER_PHOTO_ID_5313007551028086546\" border=\"0\" \/><\/a><br \/>It shows the number of US states experiencing economic growth. In other words, virtually all states are in recession. Obviously, the rest of the Western world will follow the lead of the American economy, and against this backdrop of deep depression, the foreseeable trend indicated by the first two charts in this article is chilling. And we must not forget this exercise in analysing the economic environment, as it is very different to analyse current and future macroeconomic figures and forecasts for a foreseeable scenario <span style=\"font-weight: bold;\">expansive<\/span> than for one person <span style=\"font-weight: bold;\">depressive<\/span>.<\/p>\n<p>We have all been born and raised in an environment of economic expansion, with its downturns, but expansionary nonetheless. Not even our parents and grandparents lived through essentially recessionary economies (except for the 1930s, which ended with the outbreak of war). We must therefore make a special effort to analyse the present and the future without forgetting that the breeding ground \u2013 the world before us \u2013 is <span style=\"font-weight: bold;\">unknown Apache territory<\/span> which will severely hamper the known prospects of recovery.<\/div>","protected":false},"excerpt":{"rendered":"<p>Resulta interesante hacer un seguimiento de la evoluci\u00f3n del gr\u00e1fico que representa los 4 cracks m\u00e1s significativos de los \u00faltimos 100 a\u00f1os. Tal y como dijimos en Poker de Cracks, en el siguiente gr\u00e1fico de dshort.com vemos c\u00f3mo han evolucionado hist\u00f3ricamente estos 4 momentos m\u00e1s demoledores de la Historia moderna de la Econom\u00eda mundial, o [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22928","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=22928"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22928\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=22928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=22928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=22928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}