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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March 21, 2020

Comments

SATalksBlogs

I found an article (video & text) from December 2019.

Article Title: "Peter Navarro sees ‘at least’ Dow 32,000 in 2020 and US economic growth closer to 3% next year"

A little background information on Peter Navarro:

Ph.D. in Economics - Harvard University

Business professor at the University of California-Irvine for more than 20 years

Current "Director of the National Trade Council"

Best Selling Books:
“The Well-Timed Strategy,”
“The Coming China Wars”
“If It’s Raining in Brazil, Buy Starbucks”
“Always a Winner: Finding Your Competitive Advantage in an Up and Down Economy”

Peter Navarro predicted the Dow Jones to reach 32,000 by the end of 2020. While 2020 is far from over and the Dow almost reaching 30,000 in February 2020, for now, Mr. Navarro is wrong.

This also proves Dr. Dennis Elam to be smarter than a Ph.D graduate from Harvard.

Although Mr. Navarro could not foresee the "black swan" of COVID-19, I recall Dr. Dennis Elam mentioning the "bubble burst" several times; well before the COVID-19 panic.

I'd like to hear Mr. Navarro's guesstimates for December 2020.


Dennis Elam

Peter has had Trump's ear and yes the Chinese engaged in unfair trade like ignoring Intellectual Property Rights. I don't think he accomplished much re writing the NAFTA agreement though he did insult our two biggest trading partners.
Like most economists he has projected a trend infinitely into the future. Lacking Elliott Wave and Socionomics, there is no road map his world is simply a linear regression

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