You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

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

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
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
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC