tag:blogger.com,1999:blog-6244999628674918029.post1584803856447298482..comments2024-03-28T23:57:50.103-05:00Comments on Bayou Renaissance Man: Saturday Snippet: the 1929 stock market slams headlong into realityPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6244999628674918029.post-35546754210386794902020-02-21T19:06:47.325-06:002020-02-21T19:06:47.325-06:00I'm thinking that the American economy will su...I'm thinking that the American economy will survive this time of chaos. They will jump into the void left by Chinese businesses gone bust, and take over manufacture (whether authentically in America, or in India/other places).<br /><br />We have a lot of 'give' in our budgets. Smarter consumers/businesses are operating on a leaner model, paying down credit debt and upping savings. No one NEEDS cable or multiple family phones. Nor an "eat out" habit. The luxury industries - those that sell things we don't actually need - will go bust. Those workers will find actual jobs, now that they are not incentivized to enjoy a Funemployment payout.Linda Foxhttps://www.blogger.com/profile/15024201252345608291noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-67090905075451925832020-02-17T01:22:53.801-06:002020-02-17T01:22:53.801-06:00Two books that might prove interesting:
An Old Fa...Two books that might prove interesting:<br /><br />An Old Fashioned Girl by Louisa May Alcott features a plot device in which a profligate family (No Madison Ave) was brought down by a Crash. Published 1869.<br /><br />Cheaper By the Dozen tells the story (late 1800s - 1930s) of the Galbraiths with 12 kids and a world-famous efficiency business. The family never got trapped by Madison Ave.or destroyed by the 1929 Crash.<br /><br />But they did have the rise of youth culture (jazz, dating, and trashy dress), Social Christianity and proselytizing Birth Control movements.<br /><br />I wonder what that other book is leaving out? Quite a lot, I suspect.OvergrownHobbithttps://www.blogger.com/profile/15683596916721077471noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-2078021927771900722020-02-10T09:18:03.045-06:002020-02-10T09:18:03.045-06:00I did my high school American History paper on the...I did my high school American History paper on the crash of 1929. The one thing that stands out in my mind was the phrase, used back then to dismiss people who were voicing concern, was that "We've reached a new, permanent high plateau".<br /><br />Uh huh.<br /><br />And I hear that today.<br /><br />Shameless self-promotional plug:<br /><br />I Feel Like Sarah Connor: The Coming Financial Collapse <br />https://redpilljew.blogspot.com/2019/04/i-feel-like-sarah-connor-coming.html<br /><br />And FYI, Peter, among the links I cite in support was one of yours. :)NITZAKHONhttps://www.blogger.com/profile/04110716447757507226noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-5308441090135741232020-02-09T07:17:20.080-06:002020-02-09T07:17:20.080-06:00Oh, I could only dream of being removed by a blog ...Oh, I could only dream of being removed by a blog administrator. Oh what wondrous prose I would have to come up with to achieve this.Andrew Smithhttps://www.blogger.com/profile/06769263445153785517noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-10403894245623368032020-02-08T22:09:02.944-06:002020-02-08T22:09:02.944-06:00Oh, to be removed by a blog administrator must hav...Oh, to be removed by a blog administrator must have been foul. I guess it was spanked. Good for you Peter 'iffn it was you. I firmly believe we as a society and country is heading for a Depression that will make the 20's/30's look like a school yard fracas. Prepare as best you can.Cederqhttps://www.blogger.com/profile/05603951063463035196noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-11822773918420785352020-02-08T12:43:52.259-06:002020-02-08T12:43:52.259-06:00This comment has been removed by a blog administrator.commoncentshttps://www.blogger.com/profile/14497825816313122743noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-25192827089603808612020-02-08T11:58:51.087-06:002020-02-08T11:58:51.087-06:00When you look at it, you can pretty much lay the b...When you look at it, you can pretty much lay the blame on the Dems. <br /><br />Seriously.<br /><br />Maybe not in 1929, but dem fiscal policy back then sure helped.<br /><br />I am referring to more recent times.<br /><br />It was the Dems (and McCain) who forced the sub-prime lending/mortgage crisis that crashed the US economy in 2007/2008.<br /><br />And it was the Dems (and McCain) who forced the same sub-prime (because of discrimination was the reason) lending process that has given us cars with 10 year loans, and once again, mortgages that are under water. And all sorts of new wage and earnings laws that make it impossible for the peasants at the bottom to climb out of their holes in order to become un-peasants. And changed student loan laws to encourage idiots to get idiot degrees at idiotic prices for a job serving fries that the idiots then protest minimum wage laws as being too low so the companies automate and the minimum wage jobs go away.<br /><br />Whew. That was a finger-full of typing.<br /><br />Seriously.<br /><br />Create the impending crisis because 'fairness.' And then when the crisis hits blame it on 'the fat cat Rethuglicans.'<br /><br />(Which is funny, because I didn't see Reagan or either of the Bushes come out of office significantly richer than the Clintons or Obamas, who came out of office 15-30 times richer than when they went in.<br /><br />Hmmmm... wonder who the real fat cats are?Beanshttps://www.blogger.com/profile/15293778848879361153noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-88229149319697591502020-02-08T11:14:00.243-06:002020-02-08T11:14:00.243-06:00Peter, great recommendation.
I would add Frederic...Peter, great recommendation. <br />I would add Frederick Lewis Allen's Since Yesterday and Only Yesterday as social histories of the 1920's and 1930's that show similarities between then and now.<br />I just completed financial journalist Joe Nocera's "A Piece of the Action" that describes how credit and financial products have become part of the life of middle class Americans over the past 50 years.JoeWarranthttps://www.blogger.com/profile/12822072219128084491noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-47810632296460075692020-02-08T11:12:34.966-06:002020-02-08T11:12:34.966-06:00...either that, or American society has pretty muc......either that, or American society has pretty much always been the same.<br />Pretentious, profit-obsessed and "ready-and-wiling-to fleece whoever they can"<br />...hedonistic and concerned only with satisfying immediate desires.<br /><br />Oh ...and status-obsessed as well. Judging others via stereotyping and pigeonholing.Tal Hartsfeldhttps://www.blogger.com/profile/05077424958233740898noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-28235895614340092192020-02-08T10:48:08.875-06:002020-02-08T10:48:08.875-06:00Yep, we are right back there again... sighYep, we are right back there again... sighOld NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.com