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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (55363)11/1/2004 11:30:03 PM
From: Jim McMannis  Read Replies (2) of 74559
 
RE:"During the Great Depression, the de-leveraging process caused such a large decline in prices that those with cash found the value of their money so greatly increased that they did not realize that part of their value had been taken by government money creation.

As an example, my newly married Grandparents bought a home in 1932 for $500 which a few years earlier had sold for $6,500."

Fascinating. And scary. That couldn't happen again could it?
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