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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (202523)	5/15/2009 7:15:11 PM
From: koan	Read Replies (2) \| Respond to of 306849

>>Total labor force was about 60 million. From 1940 to 1947, 10 million went into the military. That doesn't count the people who filled the civilian jobs they left behind.<< We not only had full employment, but fullest employment as many women went to work who usually stayed at home. I saw the charts put out by Krugman. I have posted the link below. In 1932 personal debt levels were really high and unemployment was 25%. FDR created 8 million new jobs in the next couple of years and brought the unemployment down to 10%. All during the 30's and 40's the personal debt levels fell. Then in WWII, government debt shot up, but personal debt continued to fall and by the 50's both personal and government debt were down to new lows. That is what they are trying to do now. topics.nytimes.com