N********n
发帖数: 8363 | 1 ... and then escalate it to a Greater Depreflation?
==============================================================
Many Americans know that the Great Depression was started by the bursting of
the giant Wall Street bubble of the 1920's (fueled by the use of bank
deposits on speculative gambling, which is why Glass-Steagall was passed) ,
which in turn caused a run on American banks.
But most Americans don't know that the second leg of the Depression was
caused by European defaults.
The second leg |
c******e
发帖数: 1581 | 2 The second dips of 1932 and 1972 were much worse than the first dips of
1929 and 1969. In 1932, SEC had to be created. In 1972, price of Gold
increased 10 times over night!
bursting of
passed) ,
shown by
【在 N********n 的大作中提到】
: ... and then escalate it to a Greater Depreflation?
: ==============================================================
: Many Americans know that the Great Depression was started by the bursting of
: the giant Wall Street bubble of the 1920's (fueled by the use of bank
: deposits on speculative gambling, which is why Glass-Steagall was passed) ,
: which in turn caused a run on American banks.
: But most Americans don't know that the second leg of the Depression was
: caused by European defaults.
: The second leg
|
w****l
发帖数: 6122 | |
N********n
发帖数: 8363 | 4 Today's market looks like that of May/Jun 1930 in the chart. |
g*****u
发帖数: 14294 | 5 Yeah, yeah, the good old days.
Gold Bugs' pipe dream. |
d****a
发帖数: 2901 | 6 I stop speculating long time ago. Nothing can do more damage than
speculation.
【在 g*****u 的大作中提到】
: Yeah, yeah, the good old days.
: Gold Bugs' pipe dream.
|
g*****u
发帖数: 14294 | 7 一根筋的speculation有害。
30年代的情况再发生的概率到底多大？金虫不会认为是100%吧!
【在 d****a 的大作中提到】
: I stop speculating long time ago. Nothing can do more damage than
: speculation.
|
x*******1
发帖数: 28835 | 8 萧条是去经济过日化市场过激反应。 现在太热了。 pump的虚拟货币太多了。 不过应
该没有你这么悲观。 |
I******a
发帖数: 3812 | 9 So... you are not buying or selling stocks ? That by definition is
speculation.
【在 d****a 的大作中提到】
: I stop speculating long time ago. Nothing can do more damage than
: speculation.
|
s********h
发帖数: 158 | 10 this article is not 100% accurate:
the second leg of the depression started in 1930, as deflation spiral
already pushed the consumer spending level to blew that in 1928. the
bankruptcy of creditanstalt was just one of casualties, and it was
eventually bought out by the austrian national bank.
that being said, i agree with concerns for double-dip expressed in the
article.
the gov't hasn't done much to tackle the unemployment problem. prolonged
high unemployment under the hoover administration was
【在 N********n 的大作中提到】
: ... and then escalate it to a Greater Depreflation?
: ==============================================================
: Many Americans know that the Great Depression was started by the bursting of
: the giant Wall Street bubble of the 1920's (fueled by the use of bank
: deposits on speculative gambling, which is why Glass-Steagall was passed) ,
: which in turn caused a run on American banks.
: But most Americans don't know that the second leg of the Depression was
: caused by European defaults.
: The second leg
|
|
|
s*******e
发帖数: 432 | 11 what do the most harm to 1930s is that US start to tighten budget in an
environment where unemployment is widespread. Although, currently, in the US
Fed still take expansionary policy. But on the world scale, the budget
tightening seems to take roots recently. |
N********n
发帖数: 8363 | 12
A healthy economy allocates capitals to the productive business. The sick
one sends capitals to the loser bubble business. US economy got sick b/c
Greenspan blew a loser housing bubble and mis-directed lots of capitals
to this field.
The solution should thus be tightening (or cutting off) capitals to the
housing business and letting that market collapse. That way capitals can
be redeployed to a better place to grow real productive and profitable
business. In doing so you will have a temporary p
【在 s*******e 的大作中提到】
: what do the most harm to 1930s is that US start to tighten budget in an
: environment where unemployment is widespread. Although, currently, in the US
: Fed still take expansionary policy. But on the world scale, the budget
: tightening seems to take roots recently.
|
T*********s
发帖数: 17839 | 13 wisdom can avoid this happens again
the govt took totally different action |
y******x
发帖数: 18 | |
N********n
发帖数: 8363 | 15
US government has taken on the exact same wasteful big spending measure
of 30's that does nothing but extend & pretend and then eventually fails.
【在 T*********s 的大作中提到】
: wisdom can avoid this happens again
: the govt took totally different action
|
