Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (16762)	8/27/1998 10:06:00 PM
From: PaulM	Read Replies (6) \| Respond to of 116767

I think Armstrong's Lost It Entirely. Check out his latest: "Global Meltdown" pei-intl.com Click "Global Metdown" The last few articles he's written have contained some doozies. After reading few, I fell like breaking out in a chorus of "America the Beatiful" My favorites assertion in this one is: (1) commodities get crushed in depressions, (2) few Americans work in commodities related industries today and instead are doctors lawyers and such, (3) so we won't get much unemplyment in America this time around. Doesn't it seems obvious, that in a deflationary period a person has no more incentive to spend oon doctors and lawyers than on aluminum? What is more amazing is the inability to realize the importance of how different American balance sheets (consumer, state and fed govt) look compared with 1929. Not to mention the risk of racial tensions and social unrest far outstripping 1929. This depression will look much worse in America than 1929.