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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (62113)5/28/2006 9:37:09 AM
From: Pogeu Mahone  Respond to of 110194
 
You are correct
we have seen this movie before.
Viet-Nam redux
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Bankruptcies, foreclosures, failures of financial institutions,job losses, and a decline into poverty of millions of families--as in the Great Depression--all seem likely. What does not seem likely, to me, is a general decline in consumer prices and commodity prices as occurred in the 1930s. I think that a more vicious replay of conditions of the early 1970s seems likely--somewhat as the 1930s were a more vicious replay of the intermittent economic contractions of the period 1870 to 1921.