Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1063)	5/15/2002 6:11:39 PM
From: maceng2	Read Replies (2) of 1643

But didn't Smoot-Hawley cause the Depression? Again, myth. The 1929 collapse on Wall Street triggered the Great Depression. Interesting link kindly forwarded to me on the semiconductor chip supply situation discussed on another board. friesian.com wrt this post. Message 17470542 came about on an earlier post on the subject Message 17464355 I'm am still digesting the content of the link, it is highly applicable to the semiconductor chip market for sure. One only has to look at the INTC/AMD situation as an example. I do think economies can exist at several possible levels, some worse then others as indicated in the link. I don't like fiat money though, so i'm still thinking about it. Anyway, back to Smoot-Hawley, Looking at the graph about halfway down the link we see unemployment nearly doubled (7% to 15%) on the Smoot-Hawley act enactment. Read the many quotes in the beginning of the link, including Fords. People without wages are bad for the economy. As pointed out, USA exported a large amount of her manufactured goods. Message 17185099 I still think you are on the wrong track with this tariff idea. The "Econo physics" links provided show the way. In the case of illegal or outright immoral economic activity, I possibly would change my view. Big business does not seem to be helping the average world citizen in many circumstances. The economy is there for the people, not the other way around.

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