Blog Archive

Wednesday, November 25, 2009

Bounce

There was a bounce in 1930, too. People yelled 'I see the bottom' in 1930, too. Then we got to 1933. The amount of job losses and bankruptcies today are outpacing those that preceded the false bottom of 1930, indicating that the next lurch down will be steeper as the current unwinding of fictional capital plays out.

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