To: Jeffery E. Forrest who wrote (8868 ) 11/8/1997 5:59:00 PM From: Dwight E. Karlsen Read Replies (1) | Respond to of 22053
Enjoyed the readings, Jeff. Re >Chairman Alan Greenspan, protector of the nation's economic health, seemed pleased by all the upheaval, almost like a forest ranger explaining how a devastating fire would set the stage for new growth. Actually, letting nature have its way is healthy for a forest. I'm no expert, but I backpack occassionally in "Wilderness areas". At the trailhead to a wilderness area, you will see a sign that says: "You may see a forest fire. Forest fires are allowed to burn uncontrolled in wilderness areas. If you see a forest fire, keep a safe distance away" In practically all other areas, including State Forests, National Parks, etc., forest fires are combatted vigorously. Of course, when humans and personal property are endangered, it's necessary to fight forest fires. But what happens when a forest is never allowed to burn? I'm sure you all remember Yellowstone National Park a few years ago. A forest fire of diabolic proportions ravaged that area. The fire was so fierce that firefighters were putting out flare-ups the next Spring, as snows melted. The reason for the intensity of the blaze was that fires had been so vigorously combatted before that the undergrowth kept building up thicker and denser, so that when it finally did start on fire, the results were fierce. In addition, never allowing a forest to burn allows pests such as the Pine Bark Beetle to continue to multiply. The State of Oregon has very large forest areas of mature pine trees that are so ravaged by the Pine Bark Beetle, that the trees are doomed. Literally a forest of dead trees. The moral of the story is, I think Alan Greenspan is right to say that period corrections are salutory. If you look at some of the charts of some of the high-fliers, you may notice that not all have shot right back up. Perhaps this is because no one really feels comfortable bidding them back up to their prior levels. DK