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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (97591)7/23/2002 4:07:40 PM
From: puborectalis  Read Replies (3) of 99280
 
Depression.......1929 charts and todays' charts very similar.................Analysts at research and money management firm Bridgewater Associates point out that this is the first time since 1930 that the stock market has fallen in the face of aggressive Fed easing.

"In that sense, we are in uncharted waters. Clinically speaking, a recession is an economic contraction brought on by tightening and ended by easing. A depression is a self-reinforcing economic contraction, perpetuated by debt liquidation in which central bank easing is impotent to reverse the contraction. Recent market action is symptomatic of depression," Bridgewater pointed out.
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