So how is Stephen Harper’s self-declared “Canadian-led plan” to have governments slash deficits rather than spend to stimulate the economy going so far? Recall that the plan is to have the do-no-wrong private sector take up the slack with the necessary investments.
From CNBC.com, “Dow Repeats Great Depression Pattern“:
The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.
The Dow retreated 457.33 points, or 4.5 percent last week, to close at 9,686 Friday. Guppy said a Dow fall below 9,800 confirmed the head and shoulders pattern.
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Burning the White House, August 14, 1814
Today is the anniversary of the beginning of three weeks of British raids on Fort Schlosser, Black Rock and Plattsburgh, New York in 1813, which provided victories for the Brits, the latter short-term.
It is also the anniversary a year later of the Battle of Chippawa in 1814, which proved to be only a nominal victory for the Brits.
Frye in an interview with Bill Moyers:
Moyers: There’s an old saw about a culture that thrives on Valium — that although the United States and Canada share a 3,968-mile border, Canada doesn’t keep troops on that border because Canadians know that if the United States invaded, you would win by simply boring us to death in three days.
Frye: Yes, or scaring you to death. After all, we won several battles in the War of 1812 with about thirty Indians scattered through the woods. (CW 24, 888-9)