"There is so very little in 1929 to compare to now, what is there to compare"
just a few things that are different this time around
1. they didn't believe in budget deficits in 1929
2. they actually raised interest rates at one stage
3. they didn't spend as much
economists seem to look at things like this - if private sector activity declines the public sector picks up the slack
Chief economist at NAB allan oster says the private sector has declined 2% and public sector has to spend 7%
the sort of money he is talking about is $15bn
did they do that in the Great Depression?
I doubt it
- Forums
- ASX - General
- the asx in 1929 ... the real story
the asx in 1929 ... the real story, page-12
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online