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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Hawkmoon who wrote (101201)2/12/2009 1:22:09 PM
From: Elroy Jetson6 Recommendations  Read Replies (2) of 110194
 
I'll comment on the Irving Fisher inspired article.

Let's first recall that Fisher was the genius who in September 1929 believed the stock market had reached a permanently high plateau, and was totally baffled as the market declined.

Apart from this, the three Lessons cited in the article are all correct.

However the conclusion, taken from Fisher, is hilariously incorrect and out of place with the rest of the article, "great depressions are curable and preventable through reflation and stabilization". This is the sort of claptrap that we later heard from Milton Friedman, and is simply false.
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