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

To: Ilaine who wrote (27911)1/26/2003 6:35:20 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<I think busts follow bubbles, not booms. >

LOL. Oh... now we have to define those! :)

Let's go back to olden days when booms [bubbles? whatever] were created by such things as endless forests to cut down for 'free'... then when they were gone... pooof. The bad times... errosion... no ship building... yuk.

It wouldn't take much imagination for one to chalk up the entire "American Centurie[s]" to free resources including land. Let's face it... there's just way too much going on in real life to claim to know definitive and measured causation in Economics in general. By defenition.

DAK



To: Ilaine who wrote (27911)1/26/2003 6:50:49 PM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hi CB, <<busts follow bubbles, not booms>>

Now we must think about changing the thread name to "Booms, Bubbles, Busts, Recoveries, and ..."

Chugs, Jay



To: Ilaine who wrote (27911)1/26/2003 7:54:26 PM
From: Moominoid  Read Replies (2) | Respond to of 74559
 
Hi CB et al.

Clearly GDP fluctuates with booms being followed by recessions. Before the second world war in the US the fluctuations were much bigger in amplitude. The Great Depression isn't such an anomaly.... Macroeconomists still don't have a generally agreed theory of the business cycle as far as I can tell. So all this talk above proving the causes of booms and busts seems a bit silly to me.

David


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