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Politics : Ask Michael Burke
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To: Earlie who wrote (24830)12/3/1997 2:32:00 PM
From: Mike M2  Read Replies (2) of 132070
 
Earlie, I enjoy your commentaries and I very much agree with your views-that's probably why I like them so much-g-. One historical fact people seem to overlook is that during the 20's the world economies and stock markets fell one by one they did not plunge simultaniously. The US was the last major economy& mkt to turn down.In light of this fact, I think people's optimistic view that the US appears to have weathered the storm is unwarranted give it time we will catch the asia flu. One other note is the currency devaluations may have the same effect as trade barriers did in the 30's. Mike
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