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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (458036)	2/20/2009 12:03:16 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573921

I thought it was a good if optimistic op-ed. I posted it here.

To: michael97123 who wrote (458036)	2/20/2009 12:27:08 PM
From: combjelly	2 Recommendations Read Replies (1) \| Respond to of 1573921

"He says this is more like the panic of 1873 as opposed to eighties, seventies or thirties" He is right. I've pointed this out before. There are a lot of similarities, many more than the Great Depression, and what happened back then was dire. In the US, it was over in about 5 years. But, it was the trigger for it, rising exports of cheap food and increasing industrialization was what killed the economies in Europe. In Europe, it lasted for 20-25 years. And it planted seeds of the fall of the British Empire. Which is why I favor trying to intervene. The consequences of doing nothing can be pretty brutal.