The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Maurice Winn who wrote (8536)	2/9/2022 6:14:05 PM
From: Gemlaoshi	Read Replies (2) of 13803

Maurice, Excellent explanation of general economic theory! However, whenever there is a sudden disruption in the economic status quo (such as this Covid mess) it often takes a matter of months or even years for economic equilibrium to be achieved. You gave an excellent explanation of how the price/wage differential will eventually be resolved. However, we are still young (in economic terms) in dealing with what has been a major economic disruption. The Arab oil embargo was a similar disruption that started in 1973 with a second embargo in 1978. The wage/price spiral lasted for 10 years until 1982, and the only way to kill the price spiral was to also kill the wage market. This disruption will also be resolved, but not likely in the next few months. Dave

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