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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (5165)6/21/2001 7:21:40 AM
From: Ilaine  Read Replies (1) of 74559
 
The important equation is MV=PT. We need that multiplier (V). History has shown, again and again, when V goes down, P goes down, independently of M.

Think of the economy as an engine, maybe a humongous turbine that runs a huge pump, spinning around and around. Sometimes slower, sometimes faster.

It's a rickety old thing - if it slows down too abruptly, it can stop, and it's a bitch to get started again.
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