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Global Politician (Site not responding. Last check: 2007-10-11) |
 | | The greatest analysts with the most impeccable credentials and track records failed to predict the forthcoming crash and the unprecedented economic depression that followed it. |
 | | It was not the margin traders who were caught in the rush to sell, but the rich men of the country who are able to swing blocks of 5,000, 10,000, up to 100,000 shares of high-priced stocks. |
 | | Jude Waninski attributes the crash to the disintegration of the pro-free-trade coalition in the Senate which later led to the notorious Smoot-Hawley Tariff Act of 1930. |
| www.globalpolitician.com /articledes.asp?ID=647&cid=10&sid=47 (2424 words) |