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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (441535)12/20/2008 9:56:36 PM
From: combjelly2 Recommendations  Read Replies (3) of 1577648
 
"I wonder how much of the current problem was an effect of the runup in gasoline, which slowed the economy and maybe started or exacerbated the slowdown in housing, which exposed all the warts, which... ... ... ... ..."

It is always the confluence of several factors that starts something like this. Once they get started, they all feed on one another to make it worse.

Which is the whole point of the regulation that many were whining about. Sure, in most cases it impedes the growth of capital. But, without them, you get the world economy doing a belly flop every couple of decades. We went through centuries of that happening until the 20th century. Now, true, it didn't totally stop business cycles. But the downturns were no longer the white knuckled plunge into the unknown like the panics of the 19th century.
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