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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (27147)	12/31/2007 9:20:30 PM
From: prosperous	Respond to of 217542

duplicate deleted

To: TobagoJack who wrote (27147)	12/31/2007 9:21:05 PM
From: prosperous	Read Replies (1) \| Respond to of 217542

what I found interesting in the chronology: -took about 2 years for unemployment to shoot up to 16% after stocks crashed on black Tues; the good times have a lot of inertia before they change to be seen as bad times -Once the crash started unemployment stayed high for 8 years at 15% or higher (5 of those years over 20%) -from those lucky enough to earn a decent living the govt kept increasing taxes on their income (to as high as 91%! on highest bracket while they were reduced in better conditions); basically depicts human behavior in good and bad times -can find some similarities to recent conditions I guess a benefit of globalization would be if one is so lucky as to avoid such a deflationary spiral and have an income stream once could avoid paying high taxes by geographically diversifying (that is not just in asset class but keeping it physically away).