It is a normal economic cycle, it busts and it booms
You have to be kidding me. This has not been a Normal bust and boom.. for crying out loud!
Sure it has. You are just spoiled by the last 2 recessions being unusually mild, and continuing the long financial uptrend since 1982. This sort of thing is utterly normal in the history of capitalism. In 1973-4 we had it, it was worse at the end of the 70s, about the same in 71, much worse in the 30s, worse in 1922, worse in 1907, worse in the 1890s, etc. Read Kindleberger sometime and then we'll talk.
posted on 05/05/2009 12:45:20 PM PDT
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson