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
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
« The Decline Continues, How Low can Exxon Go? | Main | Social Mood from 'Experts' Time to Buy, Therefore it is Not »
Weekend March 21 2020
Carl Swenlin authors Decision Point which is now part of stockcharts.com
Here is his chart of various re tracements. He mentions that he is not eliminating the possibility that this market could do what the 1929-1932 market did, eliminate 90% of the DJIA value. A drop b ack tot he march 2009 low would eliminate 89% of value. The fact that has already occurred with some energy stocks makes it a more real possibility. I find myself wondering the same thing.
The comments to this entry are closed.
Comments