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1929, the Federal Reserve was founded, lack of judgment and the stock market bubble containment means, so there is no other means to take to adjust interest rates to curb excessive speculation. Another factor fueling % of the deposit system, that NFL Cases pay only $ 10 dollars can buy stock. In soaring bull market, this is a very lured into institutional arrangements, thus further stimulating the market 's speculative. The Fed 's interest rate to 5% Fed member banks lend to banks to lend 12% of the interest rate into those brokers, brokerage and then to 20% of the interest rate loans to speculators and investors from the stock market in the hope to get far more than 20 % return.
Thus, in 1929 tiptoes, Wall Street are filled with prosperity and optimism. 1929, October 24, Thursday ! Chase Bank Securities division chief George, as usual, drove ten minutes ahead of Wall Street, the street entrance as usual, full of tourists from around the world, with almost worship NHL Cases looked at each one into the Wall Street securities division, and report to the warm applause. George sat in his office, assistant gave him a cup of hot coffee fragrant and thick, and jokingly said: Mr. George Merry told the elevator in the morning stock prices have room to rise Nike Cases GM.
More than 260 U.S. dollars per share, for her little high. The larger base to earn more, it rose to $ 350 Nike Cases bullish, bull market era is just beginning, and even Fisher say so. Fisher is a professor at Yale University, the richest innovative spirit of that era economist at October 15, 1929 delivered a famous speech, he pointed out : The stock market has risen to a fairly steady state, Nike Cases expect the stock market in a few within a month, will hit a new high, the volume will be better michael kors handbags outlet than now.
