TSC 0.00% 0.7¢ twenty seven co. limited

US Air- Remember 1987

  1. 1,256 Posts.
    The month leading up to Black Tuesday 1987 in the US saw one of there major airlines refused an increase in credit of $30million.
    This was the first of many factors that ignited the huge sell off in the USA.
    OK my memory may be out a bit in conjunction with whether it was a refusla of credit a credit downgrade or a debt byt the $30million figure is spot on and that was all it took to start the nightmare.
    This time we have a conglomeration of humongous corporate failures, an extension of ridiculous amounts of credit, an even more infallible investor, and a ludicrous leverage of actual money to derivatives trading by major US banks.
    Where to from here?
    Not Telling........................
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