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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: AC Flyer who wrote (47068)3/7/2004 9:58:14 AM
From: smolejv@gmx.net  Read Replies (1) of 74559
 
Hi AC:

First of all let peace and the force be with you;) Just a dissenting opinion on >> a secular decline in final domestic consumer demand<< as the fundamental cause of economic depressions: I'd venture to say the consumer demand correlates with but does not cause a decline. It sounds to me like saying, he or she "died because the body cooled down to room temperature". The cause according to DJ? Id say it's the drop in net investment. But that's those Austrian-minded Europeans who keep pushing this argument;)
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