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To: Tom Kearney who wrote (88107)11/22/2000 4:12:28 PM
From: sam  Read Replies (1) | Respond to of 152472
 
1929? What about the massive global depression the PRECEDED 1929, stemming from -- among other things -- our hamhanded handling of post war Germany? Comparing 1929 to 2000 is just silly. Granted, the current situation is bad, but it ain't anything like 1929. Even if we do "crash."



To: Tom Kearney who wrote (88107)11/22/2000 4:23:59 PM
From: marginmike  Respond to of 152472
 
That wasnt my point, my point was that there was a Technology bonanza at the time and it didnt help the markets. Maybee japan is a better example? All the technology in the world wont help their malaise.



To: Tom Kearney who wrote (88107)11/22/2000 6:46:33 PM
From: engineer  Read Replies (3) | Respond to of 152472
 
Also, MARGINMIKE, in 1929 they allowed you to take out margin to 90% equity and hold, so many of the losses that were recorded in 1929 were really giant massive margin calls on people who leveraged their postions as much as 130%. The FED also blew it BIG time from 1930 until 1933. I think AG needs to go read some history lest he repeat it.