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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: AllansAlias who wrote (32192)	3/1/2001 4:41:35 PM
From: Jim Willie CB	Read Replies (2) of 65232

sorry for my attack, meant to be just a argumentative sting my tongue hasnt been used much lately it must have relished the workout you are a good man did anyone know a contributing cause to the Great Depression of 1929 ??? in 1927-28 the US automobile industry got into serious high gear car purchases and usage was spreading with strong growth car sales might have almost doubled from year to year the Federal Reserve decided it was excessive so they tightened interest rates to a great degree that not only halted car sales, but stalled the economy sure, stock market was built on a leveraged house, with 10:1 margining but the great crash that ensued was horrible the Federal Reserve in its infant wisdom eased up on rates in 1932 that was four years later, cruel they knew better then now in modern day, they see the telecommunication expansion as excessive they knew better in 1999 THEY NEVER KNOW BETTER THAN THE FREE MARKET take it easy, had to share that diddy / jim

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