TIL in 1933 the Wall Street Journal had a headline which read "Berlin Views Hitler Calmly: Rise in stocks reflects confidence he will not disrupt nation's affairs"
TIL in 1933 the Wall Street Journal had a headline which read "Berlin Views Hitler Calmly: Rise in stocks reflects confidence he will not disrupt nation's affairs"
Events always seem more obvious and predictable after they have already taken place.
Here's a copy and paste from the 1933 article:
Rise in Stocks Reflects Confidence He Will Not Disrupt Nation's Affairs
Berlin is settling down to pass judgment on political developments. Politicians, economists and bankers declare there is usually wide discrepancy between the speeches of opposition politicians and the actions of the group when it gains power.
Consequently, it is not believed that Hitler will accomplish a change in the constitution or that [Reich Minister of Economics Alfred] Hugenberg will bring about a general reduction of interest rates. The government wants to obtain an adjournment of the Reichstag for several months, but it is questionable whether the Centre [Party] will approve of such action.
If anyone asks how the Germans could elect a wannabe autocrat populist and how many people could ignore clear signs of genocide going on.
Now you know.
Edit
A lot of people commenting about either my observation not being astute enough, or misinterpreting history in one way or another.
My observation is solely about and how these things happen it's not very conspirational nor institutional, just weaponized anxiety, populism, polarity and apathy.
The particular brand of ideology, or the identity of the perpetrator does very little for the equation. People being selfish and wilfully ignorant as long as they are pandered to.
Mussolini is one of the most cultured men in Italy[...]
-The New York Times 1922
This unpacks on so many levels, so let's take the awful view of how it impacted ONLY the monetary policy, and not factor in the holocaust and millions dead....and erosion of civil liberties, dismantling of democratic institutions, and the bypass of the parliament....let's just say look at it from that statement "considerable gains in stocks" that supposedly indicated good times were ahead under the new government.
The US depression reached global markets and brought everything down, while also the massive fucking war tanked Germany's economy under the war machine strain.
Leave it to investors to make awful miscalculations over and over, then amazingly, we still listen to those fuckers a hundred years later after repeated miscalculations and massive financial ruination. But hey, around 500 people got shit rich so fuck it, yaaaaaay capitalism.
And my Jewish mother still thinks we're making a mistake by fleeing.
And this being despite her knowing that my father's mother had to get her mother-in-law out of Nazi Germany by sheer force of will and determination in the 1930s, but not without sewing the few valuables she had remaining that the Nazis hadn't seized into her coat.
If my dad was alive, he'd be helping us pack.
Yeah its not gonna be okay
or that [Reich Minister of Economics Alfred] Hugenberg will bring about a general reduction of interest rates
Huh, I wonder how long we've been complaining about interest rates. Maybe there's a clay tablet out there complaining that mortgage rates are too high lol
Well, he didn't disrupt the nations's "affairs." The allies started doing that in 1942.
FBI Sees No Clear Link to Russia
Hans Hill: I provide furnaces and furnace accessories.
wow, a lot of people in this thread really don't like Jewish people.
hate on Israel for what they are doing, but don't blame the Jewish people who aren't asking for it. Seems like they got excited their Fuhrer was mentioned.
that's just copium by them
I have some american stocks and funds and have seen a pretty weird increases in them. Wondering whether selling all of them would be a good idea right now...
... but then again the rise kept going the last time Trump was president so I dunno.
Also: Trump is not Hitler. Republicans are not the nazi party. I hope this comment doesn't age like milk.