Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (60186)	1/21/2001 10:07:58 PM
From: Archie Meeties	Respond to of 436258

The US has never experienced such a rapid credit expansion for unproductive purposes. The example from history with which it rhymes is the British Railway boom, which resulted in a hodgepodge collection of railines, often redundant. During the period of speculation, when plans were laid, massive amounts of credit were created which, when called, sucked capital from the rest of the economy and created an excess of track, trains, but no increase in people or goods to ride them. 10 years of deflationary hardship ensued.