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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (11728)	6/24/1999 2:30:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Not yet, but we will revisit the '70s since we have unfinished business there. The '80s were a transition away from the socialism that dominated post '29 crash economics and so can't be easily revisited. Also since the lessons of the '70s were still fresh in the minds of financial officials, mistakes of the '70s variety were less probable in the '80s. Most of those guys are gone and the younger group were left wing hippies when the trouble was hitting in the '70s. They're as clueless as the '30s FED. They think they know what to do, but since even the old pros never understood it, the lesson was not fully learned. This was proved 8/12/82 when FED opened the money floodgates and took the first bold action to wrest control of the pricing of money away from the market. I never heard a word about that fact from the Hoover Institute. In the final analysis the buck doesn't stop at Harvard, Yale, Berkeley, or Stanford. It stops here.