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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October 23, 2012

Comments

Keith Wildes

It is interesting that you mentioned in class today that oil revenues are falling based on less demand and lower prices for crude. Last week Shell Oil requested that they be granted a waiver to sell oil as an export. The United States stopped selling oil as an export outside of North America in the 1980's. When I first read this in Wall Street Journal, I thought and read it as the US getting back in the net export profit business. However, it now makes sense as Shell is trying to keep its earnings per share from falling or showing flat and immediately affecting the share values.

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