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: Maurice Winn who wrote (13856)	1/24/2002 4:54:46 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

<CB, my theory is herds of humans doing dumb things> Ahhh, it's usually a flaw in the very base that causes these problems. The correct wording is "herds FORCED to do dumb things"- like sell stocks, cars, homes [give to bank] when they lose their jobs. <But, the tidying up will be completed> Yes, it will. DAK

To: Maurice Winn who wrote (13856)	1/24/2002 11:33:27 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Hi Mq - I agree with your assessment of boom-n-bust in sharemarkets, a phenomenon which has been fairly well studied over the past few centuries. Which was why I suggested talking about macroeconomies - I disagree that busts in sharemarkets causes busts in macroeconomies (because I don't "get" the mechanism of transmission), although I can see how a bust in a macroeconomy would cause a bust in the sharemarket. Parenthetically, spring semester at GMU just started Tuesday. There are around ten sections of Money and Banking, but I picked the section I am taking because the professor is somewhat unusual in having us read books with historical interest - we have to divide up the class into groups and each group reads one economic history book and explains it to the class. All of the books look very interesting, like one about the development of sharemarkets in Amsterdam and London, or the one about the history of banking in colonial America, or the one about free banking in Britain, but I picked Barry Eichengreen's "Globalizing Capital: a History of the International Monetary System."