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Old 08-07-2007, 02:54 PM
 
474 posts, read 2,334,383 times
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Dear Friends:

From my opinion, the bottom line is one's employment. If someone is not making any money, then of course 'he' can't invest in the stock market. Yes, there are jobs out there, but many people want excellent jobs with excellent remuneration. They are not willing to take menial employment. Now with this, I can exclude myself since I am retired.
This exact scenario happened in the years just prior to 1929. Around 1925. In the Florida Land Boom and Collapse around 1925, many people had already given up on the stock market and seemingly saw a bonanza in Florida Land. They invested in land because they still had money / employment.
When the 1929 Depression hit, people were demoralized to the point that their only interests were to put food on their table. No employment.
Certainly, we are not there, yet. However, it greatly appears that we are headed there. "The Grapes of Wrath" and the "Florida Land Boom and Collapse" are two very good books to read. After one reads both of those books, then he can disagree with those authors, if he wishes.
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Old 08-08-2007, 02:31 PM
 
Location: Sacramento
13,784 posts, read 23,813,363 times
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You mentioned this in an earlier posting too. For the purpose of discussion, in a brief summary way, what linkage (cause and effect) do you see between the Florida land boom/bust and the Great Depression? How do you parallel that to what is occurring today?
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