Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 160.52

-4.9%

Dec 12 9:30 AM EST

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To: Sam Citron who wrote (2773)	10/20/1997 3:05:00 PM
From: John Cuthbertson	of 10921

>We learned the int trade lesson very well in '29 and paid for it with a worldwide depression. Sam, Well, I think that economists generally did learn that lesson, but I fear that the general public still has the impression that the stock market crash of '29 caused the Great Depression. And among a lot of the public right now, the general feeling about international trade is that it lowers the American worker's standard of living because we must now compete with low-wage countries in manufacturing. I do think that people are getting more educated about the real effects of trade as more people's jobs come to depend on it, but I think we are in general still pretty "naive" about it. ==John

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