-Caveat Lector- 12/05/01
Here is more bullshit from the " dismal science." This article is an outright fraud. It doesn't start with the Great Depression, and it doesn't let on that the greatest period of expansion ever ( due to globalization,)will produce the greatest period of recession for the same reason. Japan has been in one for ten years. Latin America for five. Russia for ten. China for two. Etc. Etc. Globalization has failed to produce viable economies, but has succeeded in swelling the coffers of the world's wealthy elites. The US economy started tanking two years ago when the big boys began bailing out of the stock market while telling the Moronic Class that they will make money if they stay in for the long haul. They did. They lost even more. Well, in the long haul we're dead. In the mean time the Middle Class lost 3 trillion dollars. ( Or more.) But HEY, those are the joys of capitalism. You loved it when you were wheelin and dealin and thinking you were hot stuff in the markets. But the REAL wheelers and dealers left you holding the empty bag while ripping off the expansion economy as never before. The rich got richer at an unprecedented rate. Where, you may well ask, did that money come from? Nurev America in recession: what history shows Compiled by Amanda Paulson The United States officially entered an economic recession in March, the National Bureau of Economic Research announced last week. The six-member panel of economists, based in Cambridge, Mass., is the unofficial arbiter of when recessions (by definition, at least six months of negative growth) begin and end. Many economists predict the current recession will be short and mild, though plenty of factors could change that. A March beginning means the period of economic expansion lasted exactly 10 years - a record by more than a year. A look at previous recessions and their durations: Start of Duration recession (in months) Feb. 1945 9 Nov. 1948 11 July 1953 10 Aug. 1957 9 April 1960 10 Dec. 1969 11 Nov. 1973 16 Jan. 1980 6 July 1981 16 July 1990 9 Full HTML version of this story which may include photos, graphics, and related links <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om