The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 28, 2012

Comments

Julie Turner

Professor, isn't the $BPINDU already in nose-bleed territory at over 96?? Please correct me if I am wrong, but it doesn't look like it's been that high since the spring of 2010...everybody knows what happened then - the greek drama roiled the markets for almost 2 years and now nobody cares that the country has been declared to be in selective default. I suppose Keynes was right about one thing: Markets can remain irrational longer than you or I can remain solvent. Do you have any thoughts on LTRO 2?

Dennis Elam

Julie

You are of course correct. This good question deserves a post, see next post. Thanks for being as we like to say, another alert reader of TMP.

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