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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: paul_philp who wrote (52241)	7/20/2002 9:23:02 AM
From: JohnM	Read Replies (1) of 54805

All of this is well and good except for one thing. The post-bubble periods that become long term economic depression ALWAYS happen because of reactionary populist government interventions. Paul, We've exchanged views on the FADG thread and I've always found you interesting to read and more circumspect in your views than this quote. Do you really mean that? Or do you wish to qualify it? I take it, the hard version of that assertion, is either that the US Roosevelt administration of the 30s caused the Depression or made it much worse than it would otherwise have been. I've seen the argument made that the structural changes the Roosevelt administration put in place, while improving citizens' lives over the long term, did little to pull the country out of the Depression. Only the start of WWII, did that, so that argument goes. But I've never seen an argument that the Rooseveltian changes either deepened or caused the depression. Did I misread you? And, of course, what does this have to do with G&K investing? Beats me.

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