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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks
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To: Feraldo who wrote (6110)11/19/2008 3:27:16 PM
From: Jack Hartmann  Read Replies (1) of 6924
 
So what deflated in the 30's? Was it everything?


Nearly everything from energy to food. Real Estate only dropped 30-35% so we are nearly there. Oil is of 60% from the peak. Grains and metals are off 50% from their highs. Unemployment is the next demon to rise if we follow a depression model. 1930's Deflation created massive unemployment as the people lost jobs. People spent less their by forcing more industries to cut back staffing. The 30% unemployment and the 30% drop in consumer prices over three years was amazing. Stocks dropped 90% over the period. The only solution that worked was a massive jobs program. That is the next step. Letting the auto industry crash defeats the purpose of job creations.
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