http://www.dailyreckoning.com.au/depression-a-natural-and-recurring-feature-of-capitalism/2009/04/06/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/depression-a-natural-and-recurring-feature-of-capitalism/2009/04/06/comment-page-1/#comment-72977 Dan Tue, 07 Apr 2009 03:07:22 +0000 http://www.dailyreckoning.com.au/?p=5589#comment-72977 "A depression, of course, is a natural and recurring feature of capitalism. But a Great Depression usually requires lobbying." There you have it exactly right. So much of this current economic crisis is artificial, almost tongue-in-cheek. Take for example the ARM loans system in the US. That's not capitalism at work, it's criminal negligence on the part of law makers. Looking at all the governmental interventions, it looks like they wanted this crisis and are determined to really make it hit home, but just in a couple of years and not right away. My point is, contrary to what you say (that the current management has no idea what it is doing), I think they know perfectly well. They have better information than we do. "A depression, of course, is a natural and recurring feature of capitalism. But a Great Depression usually requires lobbying." There you have it exactly right. So much of this current economic crisis is artificial, almost tongue-in-cheek. Take for example the ARM loans system in the US. That's not capitalism at work, it's criminal negligence on the part of law makers. Looking at all the governmental interventions, it looks like they wanted this crisis and are determined to really make it hit home, but just in a couple of years and not right away. My point is, contrary to what you say (that the current management has no idea what it is doing), I think they know perfectly well. They have better information than we do.

]]> http://www.dailyreckoning.com.au/depression-a-natural-and-recurring-feature-of-capitalism/2009/04/06/comment-page-1/#comment-72873 Depression: A Natural and Recurring Feature of Capitalism Mon, 06 Apr 2009 12:53:07 +0000 http://www.dailyreckoning.com.au/?p=5589#comment-72873 [...] The Daily Reckoning [...] [...] The Daily Reckoning [...]

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