|
PureBytes Links
Trading Reference Links
|
During the Great Depression, unemployment was 25%+- ... the flip side is
that 75%+- were employed. I do think that several critical distinctions are
missed in comparisons:
1) When the markets peaked in 1929, the US was a net creditor nation with
very large reserves. When the market peaked in 2000, the US was a net debtor
nation with a huge and growing trade deficit.
2) Even more important, when the markets peaked in the 1929, the US had a
large and vibrant manufacturing base which dominated the national economy.
When the markets peaked in 2000, the US economy was service based with most
of the manufacturing moved off-shore.
Earl
----- Original Message -----
From: "bondo92677" <bruce.larson@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 20, 2002 3:06 PM
Subject: Re: [RT] 10 year note near 40 year highs ?
> What you're saying about Japan is correct. Tokyo is hustlin' and
> bustlin'. But I've read that even during the Great Depression,
> things were relatively OK in the major cities here.
>
>
> --- In realtraders@xxxx, "Joe Duffy" <joeduffy@xxxx> wrote:
> > Additionally many here seem to think Japan has been in this decade
> long
> > depression. The reality as I hear it is life goes on quite well
> there, at
> > least from talking to people who work there --- and that goes for
> the
> > nationals not just the ex-pats in the banking industry I know.
> >
> >
> > ----- Original Message -----
> > From: "Daniel Goncharoff" <thegonch@xxxx>
> > To: <realtraders@xxxx>
> > Sent: Friday, September 20, 2002 12:35 PM
> > Subject: Re: [RT] 10 year note near 40 year highs ?
> >
> >
> > > Your use of the word 'panic' followed in another message by
> extensive
> > > use of caps leads me to believe you have an opinion. If there is
> > > anything I have learned from lurking on this list over the years,
> it is
> > > to not have a strong opinion, because it makes it emotionally
> difficult
> > > to trade.
> > >
> > > You also seem to place a lot of meaning on the shape of the yield
> curve,
> > > and seem to think that the US economy is heading into a situation
> like
> > > Japan. The deep decline in Japan's market can be attributed to a
> real
> > > estate bubble that greatly exaggerated the valuation of 'blue
> chip'
> > > companies in that market. It has taken a decade and more to wash
> that
> > > overvaluation out of that market, and there is still a state of
> denial
> > > in the banking sector there. The US is not in a situation
> anything like
> > > what happened in Japan. While there may still be too much
> optimism in
> > > stocks prices in the US today, I don't see any historical
> similarity
> > > except the overall level of interest rates. The size of the
> bubble in
> > > both real estate and the stock market was much greater than
> anything
> > > present so far in the US economy.
> > >
> > > Regards
> > > DanG
> > >
> > > "M. Simms" wrote:
> > > >
> > > > NO WAY !!! IF SO, HELLO JA-PAN !!! HELLO "DEAD FLAT YIELD
> CURVE".....
> > > > JAPAN ECONOMY DEJA VUE....
> > > > and the experts are saying "IT CAN'T HAPPEN, IT CAN'T
> HAPPEN" !!!
> > > >
> > > > Does this spell the death of capitalism ?
> > > >
> > > > > -----Original Message-----
> > > > > From: profitok [mailto:profitok@x...]
> > > > > Sent: Thursday, September 19, 2002 10:31 PM
> > > > > To: realtraders@xxxx
> > > > > Cc: gannsghost@xxxx
> > > > > Subject: Re: [RT] 10 year note near 40 year highs ?
> > > > >
> > > > >
> > > > > we STILL have much more to go on the upside,,
> > > > > June 2003 contract to reach 119 by 3 2003
> > > > > Ben
> > > > > ----- Original Message -----
> > > > > From: "M. Simms" <prosys@xxxx>
> > > > > To: "RealtradersList" <realtraders@xxxx>
> > > > > Sent: Thursday, September 19, 2002 10:09 PM
> > > > > Subject: [RT] 10 year note near 40 year highs ?
> > > > >
> > > > >
> > > > > > Is that correct ?
> > > > > > In that case we could start approaching that Japan-like
> yield
> > > > > curve where
> > > > > > everything flattens out between a rate of zero and 2
> percent.
> > > > > >
> > > > > > Beware of a Fed INTRADAY rate cut in case of a market
> panic !
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > To unsubscribe from this group, send an email to:
> > > > > > realtraders-unsubscribe@xxxx
> > > > > >
> > > > > >
> > > > > >
> > > > > > Your use of Yahoo! Groups is subject to
> > > > http://docs.yahoo.com/info/terms/
> > > > >
> > > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxx
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxx
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Sell a Home with Ease!
http://us.click.yahoo.com/SrPZMC/kTmEAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|