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

To: Ilaine who wrote (4995)	6/15/2001 10:18:24 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Oh, I see. You meant specifically in times of economic depressions, rather than why there are always poor people and well off people in good times and bad. I'd thought you just meant a general sadness about poverty in general. Okay, I think the depressions come because of market-clearing delays and costs. It takes time for coal mines to change hands, for redundancies to be arranged, new people to be hired. Any economic disasters I'm aware of had big bells ringing beforehand to those who cared to take a look with understanding. Then, wacky political and other responses exacerbate situations. WWII following a depression and partly as a result [a strong Hitler fixing up the unemployed and getting the vote, to make Germany strong again]. So, we should expect depressions and recessions to be quicker these days as markets can clear quicker? Perhaps. Mqurice