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: Raymond Duray who wrote (72471)	2/27/2001 3:36:24 PM
From: JRI	Read Replies (1) \| Respond to of 436258

Hi Ray, in 1929-1930....wasn't there a pretty massive trade war started, that lasted years, that contributed to a huge shrinkage in international trade (that contributed mightily to the great depression..?....also, major horrible weather in Midwest for several years...contributing to drought- ruining farming in (what was then, a more agricultural economy).. It doesn't look like we'll have equivalents this time, although we're not out-of-the-woods on the Cali. energy crisis yet-ng.....those Californians are probably gonna to try to sock to you guys up the coast, eh? Give 'em hell I say...its their mess, they should pay for it, and fix it...

To: Raymond Duray who wrote (72471)	2/27/2001 3:38:37 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

The parallels were not lost on me as I typed that paragraph. -g- What is different now? Time will tell, but I think that our underlying economy seems to be more stable than the economy of the 1920's. One thing that concerns me is the parallel between the changes caused by the Internet in this generation and the changes caused by the Industrial Revolution in that generation. A lot of people now don't really DO anything that is essential - which was also the case in the 1920's. On the other hand, our underclass is already on the dole, and that means that the formerly gainfully employed won't have to compete with them for jobs, if there are jobs. Oh, I forgot to mention the parallel of massive consumer debt.