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great depression: Are we really headed for a deflationary spiral? - 11/20/08 01:11 PM
This is a good question if you read today's headlines. Jeff Belonger also wrote a great article about Deflation and Inflation and why we should be worried about a deflationary depression. The big difference between 1929 and today is who will be in charge of the government over the next four years.
My worry right now is that we're actually going to see a inflationary spiral that we haven't seen except in third world countries in the 1980's. When I was a teenager, I remember news reports of Argentina or Mexico going through incredible inflationary spirals. I also remember studying post … (2 comments)
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great depression: Doom and Gloomers need to do their math.... - 07/15/08 02:05 AM
interesting comment caused me to pull out my calculator and history book. The fear right now is that bank failures are at levels similar to the Depression of 1930. The reality is that it's not even close to 1930's levels. Second, during the 1930-1940 time period, the banks lost over 140 Billion dollars. In today's dollars that would be worth 1.86 Trillion dollars (CPI CALCULATOR).
So now that would be pretty big number in today's financial markets, and we're going to hit that mark fairly soon with the current losses suffered by Indy Mac. But there is also the factor of … (3 comments)
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great depression: The next great depression....are we on the edge of the abyss? - 07/11/08 02:14 PM
There has been allot of talk recently about recession, the end of the mortgage industry as we know it, and let's be honest, key word searches on economic depressions are at an all time high. The big question is what's really going on with our economy, and are we collectively up the creek without a paddle.
I've recently received an excellent email from someone who works at a major bank, and they privately expressed their worries about the current crisis, and she complimented one of my previous articles in regards to this matter. The big question that everyone collectively is attempting … (15 comments)
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