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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (83735)7/17/2007 5:57:50 PM
From: stan_hughes  Read Replies (1) of 110194
 
You're talking about being able to lead a horse to water and not being able to make him drink -- a truism that I don't dispute -- but the original point wasn't about whether gold is going to $10,000, it was about whether or not liquidity was expanded or contracted under Hoover's watch, was it not?

If I understand you correctly, you are trying to say that Hoover attempted to add liquidity, but was unsuccessful, and therefore he should not be associated/blamed/remembered/castigated because a liquidity contraction occurred. If so, fair enough.

I guess it comes down to whose books and whose interpretation of History you wish to follow -- Well said.
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