http://dailyreckoning.com/crumbling-cornerstones-of-middle-class-wealth/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 08:56:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://dailyreckoning.com/crumbling-cornerstones-of-middle-class-wealth/#comment-14042 Michael Clark Sun, 05 Jul 2009 11:57:36 +0000 http://dailyreckoning.com/?p=16902#comment-14042 Bill. I like your writing. Comparing the Great Depression in the 1930's with a common recession/correction is like comparing cancer with a cold. Recessions are like a cold: overproducting that outpaces demand. Corrections last long enough for demand to catch up again with supply. Debt Depressions (1930 and 2007) are cancers. No matter what the politicians in power due, they cannot fix the patient. Only time will unwind the debt. The illusion is that FDR caused the Great Depression and that Obama is causing this one. Too much debt caused both. A cold is not cancer and a recession is not a depression. Bill. I like your writing. Comparing the Great Depression in the 1930′s with a common recession/correction is like comparing cancer with a cold. Recessions are like a cold: overproducting that outpaces demand. Corrections last long enough for demand to catch up again with supply. Debt Depressions (1930 and 2007) are cancers. No matter what the politicians in power due, they cannot fix the patient. Only time will unwind the debt. The illusion is that FDR caused the Great Depression and that Obama is causing this one. Too much debt caused both. A cold is not cancer and a recession is not a depression.

]]> http://dailyreckoning.com/crumbling-cornerstones-of-middle-class-wealth/#comment-13806 psiceobill Thu, 02 Jul 2009 01:28:27 +0000 http://dailyreckoning.com/?p=16902#comment-13806 Right on, Bill. Good article. .......... It amazes me how few want to know anything about economic history. They just believe things they are told, right or not. This is the only reason I can see for why FDR and Teddy R. are thought to be such great leaders. ............. Rubbish, I say. Right on, Bill. Good article. ……….
It amazes me how few want to know anything about economic history. They just believe things they are told, right or not. This is the only reason I can see for why FDR and Teddy R. are thought to be such great leaders. ………….
Rubbish, I say.

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