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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (84903)	4/29/2002 12:14:55 PM
From: Richnorth	Respond to of 116815

You may be right. But what I read was that the Feds was against lowering interest rates. Why? In order to discourage borrowing. This, to me, is equivalent to shutting off much needed life-saving loans. It was thought, in hindsight, that if loans were readily available, the Crash might have been averted or at worst, rendered quite tolerable. In case you are interested, the following references may be helpful:- White, E.N., "The stock market boom and crash of 1929 revisited," Journal of Economic Perspectives, vol.4 (2) Spring 1990. Bierman, H., Jr., The Great Myths of 1929 and Lessons to be Learned. 1991. Bierman, H., Jr., The causes of the 1929 stock market crash: A speculative orgy or a new era? 1998.