Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

Nov 24 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bucky89 who wrote (53247)	8/31/1998 9:28:00 PM
From: Joseph G.	Read Replies (1) of 61433

Which textbook you found this crap in? - pure fantasies. <<I think you'd better check your textbooks. The Great Depression was caused by improper fiscal policy by the Federal Government. Since the US currency was fixed on a gold standard at the time, there was no such thing as inflation. Unemployment was much higher, and in response to a slowing economy the Government cut back fiscal spending in order to maintain a balanced budget. This in turn caused more unemployment which led to an even slower economy, and more spending cutbacks, which led to...a spiraling effect. The spiral was not broken until FDR started massive deficit spending to jump-start the economy and shock it back to life. I don't think we have the same conditions today--far from it. In the event of economic slowdown, the Fed has all the power it needs to cut loose its monetary policy. In fact, if anything, the US economy today is in danger of overheating rather than slowing down. However, inflation and interest rates are held low due to weak currencies overseas. If anything, we have the opposite of the conditions which started the 1929 Great Depression.>>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next