Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (48358)	4/10/2004 9:20:41 PM
From: elmatador	Read Replies (1) of 74559

<<If you're suggesting that we are going through a Great Depression now>> That's precisely my point! Go look back to all Depressions and see if anyone was exactly like the previous. No. Every new Depression has its own characteristics. The characteristic of the one we -all the world- are going through, recovery from which is called "a jobless recovery", and the economy wouldn't be recovering unless it had depressed to be recovered from, is a Depression minus the pain. Which means, pain not being felt, it doesn't mean we haven't had a Depression or a financial Collapse. I point to a post-operatory trauma. Another point: If I understood your reply correctly: 1) To understand a Great Depression one must be American. 2) Only Americans study economic history. 3) A Great depression is an American economic phenomenon. This strikes me as to centered on the US and I don't think many people would agree with that.

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