{"id":8040,"date":"2020-02-29T15:02:25","date_gmt":"2020-02-29T19:02:25","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=8040"},"modified":"2020-02-29T15:02:25","modified_gmt":"2020-02-29T19:02:25","slug":"the-last-great-depression-began-with-the-same-precipitous-market-decline","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=8040","title":{"rendered":"The Last Great Depression Began With the Same Precipitous Market Decline"},"content":{"rendered":"<h1>The Last Time This Happened Was Days Before The Great Depression<\/h1>\n<p><!--more-->ZeroHedge.com<\/p>\n<p>The US equity market is suffering its worst start to a year since 2009&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm5BC9.jpg?itok=trshv-Y9\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm5BC9.jpg?itok=trshv-Y9\" data-link-option=\"0\"><picture><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfm5BC9.jpg?itok=eWHh-WXs 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 1280px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfm5BC9.jpg?itok=eWHh-WXs 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 480px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfm5BC9.jpg?itok=eWHh-WXs 1x, https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfm5BC9.jpg?itok=eWHh-WXs 2x\" type=\"image\/jpeg\" media=\"all and (min-width: 1024px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfm5BC9.jpg?itok=eWHh-WXs 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 768px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm5BC9.jpg?itok=trshv-Y9 1x\" type=\"image\/jpeg\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm5BC9.jpg\" alt=\"\" width=\"500\" height=\"252\" data-entity-type=\"file\" data-entity-uuid=\"ed59fcea-07bf-4abd-ae46-07cd049306a5\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p><strong>In the space of just six days, we went from record high to a &#8216;correction&#8217;<\/strong>\u00a0(over 3,000 Dow points and down over 10.5%)&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=n486Dnhb\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=n486Dnhb\" data-link-option=\"0\"><picture><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=RxeobLYz 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 1280px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=RxeobLYz 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 480px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=RxeobLYz 1x, https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=RxeobLYz 2x\" type=\"image\/jpeg\" media=\"all and (min-width: 1024px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=RxeobLYz 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 768px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2020-02-27_5-23-19_0.jpg?itok=n486Dnhb 1x\" type=\"image\/jpeg\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-02-27_5-23-19_0.jpg\" alt=\"\" width=\"500\" height=\"263\" data-entity-type=\"file\" data-entity-uuid=\"6e42c666-9676-4788-951b-12023b58bbc4\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>What is most ominous is the fact that,\u00a0<a href=\"https:\/\/www.natalliance.com\/\">as NatAlliance Securities reports<\/a>,\u00a0\u00a0<em><strong>&#8220;This would be only the second time in history that this has happened. The other? 1928.&#8221;<\/strong><\/em><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfmB907_0.jpg?itok=FvzOIsn7\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfmB907_0.jpg?itok=FvzOIsn7\" data-link-option=\"0\"><picture><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfmB907_0.jpg?itok=jzFEipOC 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 1280px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfmB907_0.jpg?itok=jzFEipOC 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 480px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfmB907_0.jpg?itok=jzFEipOC 1x, https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfmB907_0.jpg?itok=jzFEipOC 2x\" type=\"image\/jpeg\" media=\"all and (min-width: 1024px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/bfmB907_0.jpg?itok=jzFEipOC 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 768px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfmB907_0.jpg?itok=FvzOIsn7 1x\" type=\"image\/jpeg\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmB907_0.jpg\" alt=\"\" width=\"500\" height=\"260\" data-entity-type=\"file\" data-entity-uuid=\"2eda2467-05a2-4e9f-a7e5-733232561fc4\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>In other words,\u00a0<strong>the only other time the Dow Jones entered a correction this fast from an all time high was months before the start of the Great Depression.<\/strong><\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.zerohedge.com\/markets\/last-time-happened-was-days-great-depression\">https:\/\/www.zerohedge.com\/markets\/last-time-happened-was-days-great-depression<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Last Time This Happened Was Days Before The Great Depression<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8040","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/8040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8040"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/8040\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}