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

To: Ilaine who wrote (8650)	9/10/2001 11:28:42 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<if you ever had any intellectual curiousity about what the Great Depression meant, agriculture was the most important industry in the country, and the total income for agriculture in 1928 was about $80 million, and in 1932, it was less than $6 million. In 1933, it started back up again, which refutes the tractor argument, although if you don't see it I am not going to draw the lines for you. > Oh, so tractors replacing people means that 'total agriculture income' should stay down?? Hello? McFly?? Why don't you look at numbers employed in the sector? Makes too much sense I know, but THAT's what we are talking about. Which leads to: thanks for not drawing me any lines... you have a knack for using axis that are pretty meaningless. For the thread [I know you'd rather read stuff and intellectualize and theorize about the past]: I'd say that the parallels between this subject and todays "service" economy are very scary to say the least... the important thing [to me] is now... and to me it's clear that a nasty downturn indeed may have many similarities to then. DAK