Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (40875)	11/5/2003 4:54:58 AM
From: elmatador	Read Replies (1) of 74559

Capitalism will find its Berlin Wall if it doesn't change. There's no way out. In the past 16 years the system has been living by bubble after bubble after bubble. Abracadabra after abracadabra, Wayo after Wayo. Milken was thrown in jail, then Nick Leeson, now is Enron and WCOM officers, it just changes the actors but the script playing on is the same. “Unemployment is observed to be at historically high rates in almost all the advanced countries of the world. Yet economics and economists in these countries have been able to offer very little in the way of explanations which are either convincing or even satisfying to laymen about the origins or the cures of this phenomenon.” Simpson David, Love Jim, Walker Jim, 1987, The Challenge of New Technology, Brighton, Wheatsheaf Books Ltd. Quoted in Elmat's book 1989.

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