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Reply #8: Tom the comparisons are apt [View All]

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-16-07 01:44 PM
Response to Reply #6
8. Tom the comparisons are apt
the macro economic issues are very similar and we both know it. Let me post them again

1.- Increased disparaty in income as in severe

2.- Negative saving by consumers

3.- Increased inbalance of trade

4.- Credit (to partly keep those at the middle and even botton able to buy what they could not afford otherwise)

What we don't have today and existed back then was a high tarriff standard... well I will argue that the WTO and NAFTA are just as bad. See imbalance of trade and loss of jobs

Macro factors present back then were also the dustbowl, which helped to exarcerbate things and we may see it again, due to the consequences of global warming

So yes, the paralells at the macro level are there

There are major differences at the micro level, including the rules for trade in the exchange, why a one day collapse will not happen today... in the hopes that you can stabilize the market before it gets to crash territory

But there were also liquidity problems back then

So yes, the paralells are there
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  -Toward a More Complex and Difficult (Great) Depression marmar  Aug-16-07 01:17 PM   #0 
  - But, but, I have made that case  nadinbrzezinski   Aug-16-07 01:20 PM   #1 
  - I get the feeling that those who've been called "loons" on a great many issues....  marmar   Aug-16-07 01:22 PM   #3 
  - Some of us listened-thanks for taking the time to post all your warnings-nt  fed-up   Aug-16-07 01:32 PM   #4 
  - Oh yes you have nadinbrzezinski. And you  fasttense   Aug-16-07 01:54 PM   #9 
     - Well, if this is just a correctin  nadinbrzezinski   Aug-16-07 01:56 PM   #10 
        - Don't feel like the lone stranger on calling this collapse  Texas Explorer   Aug-16-07 02:40 PM   #13 
           - Well I will know how the guy who handles our meager  nadinbrzezinski   Aug-16-07 04:06 PM   #17 
  - From Hoovervilles to Bushvilles  SoonerPride   Aug-16-07 01:21 PM   #2 
  - Kinda like not living in the "boonies" but the "bushes" n/t  shraby   Aug-16-07 01:33 PM   #5 
  - That's a nice, but inaccurate, version of the Great Depression's cause  ThomWV   Aug-16-07 01:37 PM   #6 
  - Tom the comparisons are apt  nadinbrzezinski   Aug-16-07 01:44 PM   #8 
     - Read books by Dr. Ravi Batra.  Perragrande   Aug-16-07 02:33 PM   #12 
        - I know an economist who disagrees with Batra somewhat  Odin2005   Aug-16-07 03:38 PM   #15 
           - I've read both  nadinbrzezinski   Aug-16-07 04:05 PM   #16 
  - After the Great Depression.....they put in a lot of safeguards in the financial markets...  sutz12   Aug-16-07 01:41 PM   #7 
  - Why do you hate 'Murika?  maxrandb   Aug-16-07 02:06 PM   #11 
  - If you can't afford it you DON'T need it.  sarcasmo   Aug-16-07 02:42 PM   #14 

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