Eerie parallels: identical (failed) fiscal policies, constant optimism, same levels of unemployment (22-25%), same soup line demographics (food stamps today), etc. Earnings and stock prices are going in different directions which is unsustainable. The story of the Dutch tulips and the consequences of printing too much money. The iniquities of Alan Greenspan rehashed. The insanity of Keynes. Change in the relationship between the American corporation and society since the 1950s.
view more