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


To: shades who wrote (83748)7/17/2007 6:52:00 PM
From: bart13  Read Replies (1) | Respond to of 110194
 
If you call the data and methodology into question, then anything that you note must have the same issues and factors applied to it... and then we get nothing but farting in the breeze and tossing straw men back & forth, etc.

I've quoted the "normal suspects" - the Fed, BLS, etc. and you have quoted no actual data sources, only secondary sources at best. You're more than welcome to continue to assert your various views and opinions, but to assert that those sources were incorrect back then without any references to studies or facts or similar when we can point to real and actual BS from the BLS and Fed via folk like John Williams (and my own M3, SecLend, etc.) leaves me cold at best.

To a specific though - I do have almost direct data from the period. My grandparents and parents were working both before and during the Depression and the data I quoted from the CPI, etc. echoed their experiences very closely. General prices dropped a *lot* more than 10% and frankly closer to 1/3 than the 25% I noted. In other words, if anything the CPI data makes the period look better than it was.

As an aside, my father emigrated from Germany to the US in early 1929... and told me actual stories from the days of the Weimar hyperinflation. So my two web site pages on it have passed through more than a normal validation process.