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

To: elmatador who wrote (15421)	2/22/2002 10:13:29 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

My first chart - much help from Grace. mason.gmu.edu

To: elmatador who wrote (15421)	2/22/2002 10:59:27 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

BTW, one thing you might notice is the dramatic increase in capital formation starting in 1915. I think that's interesting. The Federal Reserve Act was passed December 1913. One could make an argument that the Fed was responsible for capital growth formation. But of course electricity and automobiles and telephones and all the rest were part of it. Still, where would technology growth come from without capital? Oh, to make it plain, when Jay puts his gold under the mattress, it doesn't get used for capital formation.