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

To: energyplay who wrote (11982)12/19/2001 5:51:47 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Is the Great Depression still valid? Does it relate to today's economic world? I don't think so. It is the same of using old Karl's 19th century to understand this one.



To: energyplay who wrote (11982)12/19/2001 5:58:56 PM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
The ref is a nugget per se. Additionally the last paragraph is worth reading through twice:
.... The idea that the Federal Reserve chairman has power is a delusion. The only power he has is over the interest rate, and the interest rate has ceased to be important because businesses are no longer dependent upon borrowing from banks...


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