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


Originally published at The Big Picture blog and reproduced here with the author’s permission.