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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (7451)8/20/2001 1:31:22 PM
From: Mark Adams  Read Replies (1) of 74559
 
Thanks for your thoughts. I think you managed to convey quite clearly a view of events from the great depression era, and the importance of the global interlinks.

After reading the pdf linked in a prior note, I concluded that there was much room for error in what the author attempted to do. In fact, the author spent the bulk of the paper explaining the methods and their shortcomings, a great service to the reader.

He managed to convey the need for better metrics on investment and consumption flows quite clearly, but didn't breach the importance of that data on a global scale in today's world. 50 years from now, we might recognize this in a followup paper.

So, his hypothesis that financial asset inflation occurred during the period, and subsequent deflation may have impacted main street holds interest but remains somewhat unproven IMO.
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