The cycle goes depression war 1914, depression war 1939, depression war 2008..........? During the relative years of equilibrium cycling is of a more gentle orientation, in times of impasse the rises and falls are more volatile with the downward tendency predominating with sharp polarization of wealth the emergence of monopolies and an army of the unemployed. US debt increased by 153% as well. This is not 1980, its 1914
On Sep 10, 11:37 am, Gaar <[EMAIL PROTECTED]> wrote: > Yeah, I heard it before... > > In the '60's... Again in the '80's... And now again... > > Seems to have a 20 year cycle or so. > > On Sep 9, 6:34 pm, Frank <[EMAIL PROTECTED]> wrote: > > > 95% of capitalist economists are saying this in not simply the > > downside of the capitalist curve (a theory developed by Leon Trotsky > > BTW) but a much more serious crisis the depth of which has still > > unknown as it extends well beyond sub-prime loans. > > > n Sep 10, 11:27 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > Or it points to a traditionally known Trading point, that usually > > > points to the bottoming of the Market... > > > > Time will tell. > > > > On Sep 9, 6:23 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > Not two days after the bail out of Fannie and Freddie, this indicates > > > > that no confidence has been restored to the markets and the impotency > > > > of the Fed to stave off collapse. > > > > > On Sep 10, 10:27 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > Good, a double Bottom... > > > > > > That is a good sign. > > > > > > On Sep 9, 4:44 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > US stocks plunged overnight and the Standard & Poor's 500 came > > > > > > within > > > > > > 10 points of its bear-market closing low. > > > > > > > Capital-shortage worries shifted from Fannie Mae and Freddie Mac to > > > > > > financial firms without government guarantees, such as Washington > > > > > > Mutual and Lehman Brothers, the latter falling to its lowest closing > > > > > > price in nearly a decade. > > > > > > > At the same time, commodities prices continued to decline. > > > > > > > One trader dubbed Monday's action on Wall Street “a great bull trap” > > > > > > because the bounce may have seduced buyers. > > > > > > > The broad Standard & Poor's 500 plunged 43.28 points, or 3.41 per > > > > > > cent, to 1224.51, its lowest close since the 1215-finish on July 15 > > > > > > and its biggest percentage drop since February 27 last year. > > > > > > > The Dow Jones Industrial Average fell 280.01 points (2.43 per cent) > > > > > > to > > > > > > 11230.73, giving back all but nine points of its Monday gains. The > > > > > > technology-oriented Nasdaq Composite fell 59.95 (2.64 per cent) to > > > > > > 2209.81. > > > > > > > Since computer giant Dell raised concerns about technology spending > > > > > > in > > > > > > parts of Europe and Asia about two weeks ago, tech stocks have felt > > > > > > the claw of a bear market. > > > > > > > Lehman Brothers dropped 45 per cent to its lowest close since > > > > > > October > > > > > > 14, 1998, its biggest percentage drop ever. > > > > > > > The plunge reflected fears about its ability to raise capital. > > > > > > Standard & Poor's placed Lehman's credit, including short-term > > > > > > counterparty ratings, on “CreditWatch with negative implications”. > > > > > > Nevertheless, S&P views the firm's short-term liquidity as > > > > > > “satisfactory”.- Hide quoted text - > > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
