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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (759)	5/6/2003 12:31:44 AM
From: The Ox	Read Replies (2) \| Respond to of 4912

I will attempt to keep this real "simple" because I don't want to spend a lot of time on this. One of the main causes of the great depression (if not the cause) was that Europe never fully recovered from the 1st World War. At that time, Europe was the engine that drove the world's economy and it never came close to a full recovery from the war. Add to the mix the US stock market bubble of the late 20s and it was an equation for disaster. The world is different place 75 years later. The economic factors in every country are different. The entire set of data points which encompass the global economy are completely different. To try to make a simple equation that what happened in the 1920s is happening again today is a big joke (in my opinion). I am of the opinion that there is absolutely nothing in today's global economy that can compare to the situation back then. Sure, the doom and gloom can compete... because of the growth of our media and the internet. But I offer up that in today's reality there is nothing like the devastation of the entire economic engine, ie Western Europe destroyed by WWI. Years lost! Hundreds of thousands of lives lost. Let's bring it forward today. We had 9/11. Was it traumatic? Sure. Disruptive on a global scale? Sure! Did it destroy the foundation of the current economic engine, ie the US economy? No way, Jose. So I say (and believe) that we will not have a global depression and to invest with this focus is a fool's choice.