Economist Professor Irving Fischer explains that the stock market crashed due to high expectations- not high stock prices. Too many speculators were playing the stocks with borrowed money, resultin...
Economist Professor Irving Fischer explains that the stock market crashed due to high expectations- not high stock prices. Too many speculators were playing the stocks with borrowed money, resulting in a run on the banks. 80 years later, the banks are speculating with borrowed money and investors are running away from them.
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He just forgot to say that it would take 15 years for the "great progressive improvement" to happen !
Is this the "rule of alternation"?
If someone had gone short and kept selling with the profits they would be retiring now......... at a 10% margin.
This guy reminds me of Obama...pretends that understands situation and tries to say things will be ok.