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

To: John Vosilla who wrote (71884)	10/13/2006 12:18:43 PM
From: bart13	Respond to of 110194

Wasn't the biggest problem in 1930-32 tax increases and no fiscal or monetary stimulus when it was most needed? In their infinite wisdom our leaders were concerned about balancing the budget. We are at a complete opposite extremes today making any depression comparison a mute point IMHO.. In general, yes - the only money supply related item going up in 1930-32 was base and that was like using a pea shooter when a howitzer was needed. Probably on a depression comparison with today - mostly I posted that money supply chart from 1920-40 just to make the point about huge & broad drops, from whatever cause or causes, always leading to economic hard(er) times.