To: David
You seem to have some idea of what's going on. I'd appreciate your opinion of
my analysis.
14 posted on
04/20/2003 7:56:09 PM PDT by
B-Chan
(Catholic and Monarchist)
To: B-Chan
I'm beginning to come around to your position: employment is the key.
I think you could have a stock market crash without it necesarily taking the economy into recession. So I think that even if employment picked up, I'm not so sure that the stock market would immediately turn around.
I note also that there was a big round of tarrif hikes in 1929/30 that was effectively a tax on business. Plus government deficit spending was competeing with business for capital. So it looks like you had several factors holding back new job creation in the 30's.
[z]
39 posted on
04/21/2003 12:12:31 PM PDT by
zechariah
(The Lord is with you, Mighty Warrior!)
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