financial reality

Separating fact from fiction in finance and economics


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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area, or on my boat which I keep in the British Virgin Islands. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Snap, Crackle and Pop

June 8th, 2005 by InLibrisLibertas

“In July 1929, about five months before the October crash, the US economy had already shown distinct signs of an emerging depression: manufacturing was slowing down, output was falling, layoffs rising and capital utilisation was declining.”

When did the US economy begin to crack?

Posted in The Economy |

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