RE: Re: RE: gold & god

[Mark Jones]

Doug Henwood wrote:

> In the second half of the 19th century, the U.S. was in recession or
> depression or panic about half the time. Violent booms alternated
> with violent busts. The proletariat was surly and rebellious and even
> the bourgeoisie wasn't happy with the situation. Is that what we
> should go back to?
>
But it's only a few days since you told us that's what we *are* going back
to:

>>Because it's more of a 19th century slowdown than a post-WW II one,
with a financial hangover from the burst Nasdaq/tech bubble, and a
real sector one from overinvestment in gadgets. It's probably going
to take some time to work through it.<< [pen-l13799]

Mark Jones