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Reply #5: When I was a little girl, someone painted a graph of the market [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Fredda Weinberg Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-26-08 03:30 PM
Response to Reply #3
5. When I was a little girl, someone painted a graph of the market
and updated it every year on the corner of Kings Highway and Coney Island Avenue, where thousands saw it each day. During the Clinton years, the slope became so extreme, so consistent ... eventually, the wall was painted over with murals paid for with federally funded youth programs.

There was a lesson lost, but professionals do study economic history and there are safeguards against the worst an executive like LBJ or Nixon could do. They're textbook cases * is repeating.
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