Asia Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joseph Beltran who wrote (6999)	10/7/1998 4:24:00 PM
From: Tommaso	of 9980

Clinton called it a "glitch in the road." Sounds like something one either would not want to run over or step in. These "Asian problems" are going to provide a very convenient excuse for the Federal Reserve having allowed the equity bubble to develop. Improvements in technology and productivity were among the causes of the Great Depression. Then, as now, declines in commodity prices and then a surfeit of manufactured goods led to falling prices, which (this time not yet) led to a round of layoffs, further falling prices, etc. I think that the US government will be much quicker than Japan has been to expand the money supply and spend money to prevent a very deep recession, unless the Republican Congress is determined to repeat even more of the mistakes of the 1930s. There are plenty of useful things for the government to spend money on. The Depression was in some respects a great boon for artists, with commissions to decorate public buildings with murals. There's a lot that could be done to clean up the rattier parts of America, using a deliberately inflated currency to pay for the projects. But we will see what happens. Meantime, some of us hope to protect our real capital.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next