IN DEBT WE TRUST

The first “market correction” was actually an apology letter from the market. It said “my bad,” then did it again.

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The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.The first “interest-only” loan was invented by someone who hated consequences. Temporarily iconic, permanently risky.ATMs were first introduced in 1967 in London. Finally, a machine that judges your balance silently.A bull stock market means prices are rising, while a bear market means they are falling. Basically, your emotions follow the same chart.The Great Depression began with the stock market crash of 1929. And yet people still think “buy the dip” is financial advice.“Bullish” was originally a compliment for stubborn people. Finance just made it louder.See all In Debt We Trust facts →

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The first “market correction” was actually an apology letter from the market. It said “my bad,” then did it again. | SmartAss Facts