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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.99-0.2%3:59 PM EST
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To: Wyätt Gwyön who wrote (49020)2/17/2001 12:30:29 PM
From: Steve  Read Replies (4) of 77400
 
The Fed kept raising rates into Feb of 1930 to 5% and only barely lowered them through 1934 to 3.5% from 5%. By keeping interest rates high the Fed choked off a potential recovery that could have been well on its way by mid to late 1930.

It is a myth that the Fed and the Federal Reserve banks did not raise rates exactly in this period. The New York Fed aggressively raised rates from 1931 to 1932. This likely triggered the fall in the DOW to the 50s from nearly 200.

Please elucidate the similarities and differences between Japan in the late 1980s and early 1990s and the US in the 1990s and today. If you do that I think you will find that the Japanese financial system is inflexible and incapable of change and still has not dealt with worthless assets on the books of the banks. In the US such assets must be written down and the loss taken and if insolvency looms the bank will be liquidated or merged into a solvent bank.
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