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Posted by on August 6, 2007, 11:54 pm
or something on that order.
todays market went wild. who knows, it may be the beginnings of
another bull market.
but they thought that in 1929 also.
americas economy was much smaller than, and so was its population.
so the wild gyrations only took months.
plus there was very little equity, or a middle class back then, so it
went into the toilet faster.
today, america has a much larger economy, as well as population.
and up till 1981, a growing middle class that was huge and fat with
equity from the new deal.
so it has taken decades to strip out the equity and transfer it to a
few.
plus the conservatives/libertarians at the fed bail out the rugged
individuals, born with silver spoons in their mouths investors who
practice bad economic behavior(the free market)to stave off the
crash's.
now the gyrations may start, it might take many more years, it might
go quick, it might not happen at all.
but the fed is there to help the rugged individual investors(i am
talking about the aristocracy, not the little guy)that collect rents,
and really have never worked a real job in their lives, or worked at
all.
we will see if the fed still has the economic muscle to coerce the
world into accepting more funny money.
this is a nice overview of 1929.
//www.pbs.org/wgbh/amex/crash/
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Posted by alexy on August 7, 2007, 1:35 pm
Video61@tcq.net wrote:
> now the gyrations may start, it might take many more years, it might
>go quick, it might not happen at all.
I find your bold prediction absolutely spot-on.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.
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Posted by John Galt on August 7, 2007, 2:55 pm
> Video61@tcq.net wrote:
>
>> now the gyrations may start, it might take many more years, it might
>>go quick, it might not happen at all.
>
> I find your bold prediction absolutely spot-on.
ROTFL!
JG
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Posted by 3655 Dead on August 7, 2007, 2:56 pm
>Video61@tcq.net wrote:
>
>> now the gyrations may start, it might take many more years, it might
>>go quick, it might not happen at all.
>
>I find your bold prediction absolutely spot-on.
That's right up there with "Rain unless it doesn't".
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Posted by on August 7, 2007, 8:38 pm
> >Vide...@tcq.net wrote:
>
> >> now the gyrations may start, it might take many more years, it might
> >>go quick, it might not happen at all.
>
> >I find your bold prediction absolutely spot-on.
>
> That's right up there with "Rain unless it doesn't".
only a fool would predict absolutes.
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