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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (4886)	6/13/2001 8:01:30 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

' is intelligence-on-cruise-control' I guess we're getting bored waiting :o)

To: smolejv@gmx.net who wrote (4886)	6/13/2001 10:35:08 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Not sure I have an original thought but I have an inkling of an original thought - to understand depressions, one must study depressions. I've been fixated on the one in the 1920s-1930s, but there were others, e.g., in the US a big one from 1891-1897, and a short but sharp one 1920-1921, actually quite a few in the past but I am just getting started. Since the Federal Reserve system was adopted, no more depressions, but maybe a coincidence. Anyone who remembers other significant depressions in the past, no matter when or where, let me know, please. I intend to try to correlate factors they have in common. Warning: boring stuff follows: Factors in US depression of 1891-1897: 1. Tariff of 1890 intended to eliminate imports. 2. Failure of England's Baring Bank due to speculation in Argentine wheat - wheat harvest of 1890 low - collapse causes gold to be repatriated to England. 3. Drain on Treasury gold stocks causes reduction in money supply. 4. Bursting of bubble in railroad industry - 192 railroad companies go into receivership. 5. Bank panic of 1892. Hmmmm, looks kind of familiar.