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Perhaps someone else will have an answer to your question, however the
interesting part might be why. It's my understanding that Australia's economy is
highly correlated to commodities and commodity deflation would appear to be a
_major_ threat to such economies. With commodity deflation as a starting point,
a few missteps by the government/central bank might have severe consequences.
Certainly the currencies of such countries (e.g. Australia, Canada, Chile) have
not done well recently.
Earl
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, June 12, 1998 7:04 PM
Subject: Gen: Historical Question - about the 1929 market crash.
>RT's,
>
>I have heard from the program on PBS that the Australian Banks were the
>first to fall before the Great 1929 Market crash. Do any of you history
>buffs know exactly when that happened? Thanks.
>
>Brent
>
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