All articles tagged with #1987
A 1987 video from the show 'Tomorrow's World' has resurfaced, showcasing surprisingly accurate predictions about 2024 technology. Despite some initial inaccuracies, the video correctly anticipated innovations like fingerprint sensors, portable printers, smartwatches, and VR headsets. The video, shared by Instagram user fishfry0, has received positive feedback for its foresight and retro design aesthetic.
CNBC's Jim Cramer reflects on the historic crash of 1987, known as "Black Monday," and highlights the difference between that event and the 2007-2009 financial crisis. Cramer explains that the crash in 1987 was caused by the mechanics of the market, specifically the power of the futures market, which flooded the stock market with instant unseen supply. In contrast, the financial crisis took years to recover from. Cramer emphasizes the importance of understanding the reasons behind market crashes and the need for investors to be prepared for such events.