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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« 40 Years Later, 1973 = 2013 | Main | Growth Stuck at 2% »

April 30, 2013

Comments

Farley

Take a look at the USDollar today.

I think they're doing this to try to prevent the markets from crashing.

Of course, it takes MORE money away from the consumer since a falling USDollar makes things more expensive.

I would think they can only go so far.

Then what, an Overnight-Market-Correction? ... (like they did with the Metals-n-Miners).

Just Thinking Out-Loud.

Neil Master

I concur with Farley. It is the only explanation. While production is up, there are more dollars floating around, driving prices up each day. The Precious Metals crash was a temporary phenomenon. Witness the reaction by the physical market and the latest CoT, with a huge move to the most bullish position in ages. Inflation is here to stay, no matter what the capital markets do.

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