Remain Calm; Chaos Postponed

How to think about the market
Photographer: Chris Ratcliffe/Bloomberg

In 1931, a solar eclipse took place on Sept. 12 – the end of a “Shemitah” year. Eight days later, England abandoned the gold standard, setting off market crashes and bank failures around the world. It also ushered in the greatest month-long stock market percentage crash in Wall Street history. —Michael Snyder, "The Seven Year Cycle of Economic Crashes That Everyone Is Talking About," The Economic Collapse Blog, Sept. 2, 2014

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