SI
SI
discoversearch

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 : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (6574)11/19/2001 1:28:19 PM
From: retiredcfo  Read Replies (1) | Respond to of 99280
 
OK:
It took me a while to locate some data.

The Fed didn't increase liquidity until 1933. Money supply fell by one-third between '29 & '33. In Oct. '31 the Fed actually raised the discount rate by 2 pts. Industrial production fell 26% in the following six months.
9,800 banks failed during that period. Again, the key differences are that the Fed is pumping in liquidity and banking system is in relatively good shape.
gm