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


To: philv who wrote (76373)7/14/2011 10:19:43 PM
From: carranza2  Respond to of 220047
 
Funny.

And probably true to some extent.

However, I agree with PB: in the macro-e sense, it is probably best to let history guide us rather than selected bits and periods of data. In this sense, his reference to late 18th century France is welcome and not only because thanks to Jay many of us are familiar with it, but also because there are countless examples of similar parallels...the economic history of ancient Rome comes immediately to mind.

What we are going through now has happened many, many times. Nothing new under the sun. A scholar of the Depression such as B. may have known this once, but it is a lesson he seems to have forgotten.