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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Elroy Jetson who wrote (20611)10/24/2004 7:52:22 PM
From: glenn_a  Read Replies (2) of 110194
 
Elroy.

Umm, I think you reversed the US and UK columns.

The 1st column is US industrial output, the second column is UK figures. Other than that I get the same numbers as you do making 1929 the base year.

So your conclusions re: the US and the UK should be reversed.

BTW, the figures for France and Germany are as follows:

(1913=100)

Year......France.......Germany

1929......142.7.........117.3
1930......139.9.........101.6
1931......122.6..........85.1
1932......105.4..........70.2
1933......119.8..........79.4
1934......111.4.........101.8
1935......109.1.........116.7
1936......116.3.........127.5
1937......123.8.........138.1
1938......114.6.........149.3

A few comments here:

1 - From these figures, the contraction in both France and Germany was worse than Great Britain, but better than the U.S.

2 - While Germany suffered similar to the other Great Powers from 1929-1933, it's remarkable how her industrial production recovered from 1934 onward. The reasons for this are very well explained by Quigley in his "Tragedy and Hope". But it also perhaps gives some insight into how the German people could have concluded Hitler was better than the alternative, for the German economy performed exceedingly well from 1934 onward.

Regards,
Glenn
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