Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (7451)	8/22/2001 10:36:16 AM
From: TobagoJack	Read Replies (1) of 74559

Hi CB, I think your post is very useful, and gives insight for new direction of thought concerning what faces us. In the linked material, the two important questions are: (a) <<WHERE DID THE MONEY GO?>> (b) <<where did all that money come from? US GDP was around $100 billion/year at that time>> On (a), the money may have gone to where it originally came from, and on (b), the money came out of thin air. This may be the most striking similarity between 1929 and 2001. The country names change. The policy prescriptions may change. The need to unwind the financial stress remain the same. Chugs, Jay

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