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 18, 2015

Comments

mike phillips

Funny how EW proponents show up in droves in my inbox whenever increased volatility creates clear-cut wave counts, but are nowhere to be found whenever price action gets choppy, or a fierce rally destroys their theories that, pretty soon, the mother of all declines will get underway. No posts since the 18th? You may be proving my point. There's usefulness to EW and Socionomics, but I can't trade it as well as I can a simple trend-following system, which will probably get me short when the apocalypse arrives. The Prechter group in particular has successfully called 10 of the last 3 bear markets and are the world's champion market pessimists, even when Socionomic evidence abounds that we will more likely go up than down nearterm, what with the general public friskiness, the harmlessness of sitcoms and movies, the inability to pin scandals on major figures, and continued acceptance of previously villified groups such as gays, transgenders, and immigrants, Trump's daily comments notwithstanding.

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