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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 (83782)	7/18/2007 1:16:32 PM
From: bart13	Read Replies (2) \| Respond to of 110194

I am hoping ORK has the rothbard book and can look up some info for us - if the banks had not taken the 1.1billion to shoulder up their reserves but used the money the way hoover wanted them too - is it possible that hoover would have kept on printing? If if was a skiff, we'd all take a ride. M3 and bank credit dropped at least 30x more than even the $1.1 billion so it's inconsequential in my opinion. I always had the impression that you and russ were capitalized better to be able to afford to own your own house. Where you live - is the median house that high? I have enough capital to buy a McDonald's franchise but don't own one of those either. I cannot imagine having 4 times my net worth leveraged at the beck and call of wall street casino crooks. That does not sound safe and goes against every investment principle I have learned. Even when I was much more aggressive back in 97 I never risked more than 20% of my net in one trade. Each to his own and it works quite well for me. “An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” -- Benjamin Graham Bart after the blowup in 29 - what percentage of traders had to leave the business? How many traders were there before the bust - and then after the bust? I would like to see a chart of trader employment levels from 1900 til today if you can dig up the info. No clue and no interest in research.