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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May 03, 2012

Comments

StuartD

Interesting article! - Social mood at times seems to create what might appear to be anomalies with simultaneous hightened fervor in the direction of optimistic valuations and also pessimistic interest in darker subjects. Does this represent a peaking of emotional imbalance, I wonder? If so, it would represent an unhealthy situation in society as you seem to point out.

I have also noted that recently the 'Google\trends' report (last 12 months) did hit the lower channel on the item 'stock market top' indicating a recent complacency extreme, so the decline we are now seeing could have been expected. Since the reports seem to be on a slightly delayed time frame, I might expect this market decline to effect that reading.

The item 'economic downturn' remains elevated so this may temper the decline. I also noted that the majority of market EW and TA bloggers are going negative and since they are more often a contrarian indicator (not always, just more often), this might also support the notion that the decline may be more temporary than expected. The market will decide- just an observation.

Dennis Elam

Stuart

well said, check out the emotional imbalance via Robin Wong's photos of the protest in Malaysia, link at end of today's post

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